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Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized that the cryptocurrency is incredibly secure and proving to be a good … Read more
Mixed messages on BTC price action as Fundstrat’s Tom Lee hopes Bitcoin has “already bottomed.” Go to Source Powered by WPeMatico
Pierce and Lee believe that Bitcoin will continue its meteoric rise in price through 2022, but that’s pretty much par for the course with those two. Go to Source Powered by WPeMatico
Fundstrat Global Advisors’ head of research says bitcoin still has “exponential growth ahead” of it. While acknowledging recent price swings of the cryptocurrency, the strategist emphasized that bitcoin has so far regained its losses in short periods of time. Bitcoin Still Has ‘Exponential Growth Ahead’ Fundstrat Global Advisors’ managing partner and head of research, Thomas … Read more
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern. Go to Source Powered by WPeMatico
Tom Lee lists the 2020 U.S. elections and four other reasons for why the Bitcoin will rally in 2020 Go to Source Powered by WPeMatico
Tom Lee believes that the Dow Jones will hit 30K before Bitcoin, but that Bitcoin will hit 40K before the Dow Jones Go to Source Powered by WPeMatico
Bitcoin is in line for an average 197% bull run over the next six months, Tom Lee suggests Go to Source Powered by WPeMatico
Fundstrat believes the May Bitcoin block reward halving is not yet priced in as BTC/USD stays above $8,000 Go to Source Powered by WPeMatico
The Bitcoin price action throughout 2019 has not inspired that much market confidence. Even Tom Lee, a notorious Bitcoin bull, has grown concerned as to where this currency is headed next. It is not uncommon for financial experts to weigh in on how markets might evolve in the coming years. Price prediction is not an … Read more