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Last week, Bitcoin price spiked so much so that is surpassed the $5000 mark for the first time this year reshaping bitcoin price predictions 2019. The sudden bitcoin surge surprised many even though it came on the back of overwhelming positive opinions about bitcoin and cryptocurrency in general. However, Thomas Lee, the co-founder of Fundstrat Global Advisors is not taken aback by the Bitcoin Bull Run. Rather, he said it was expected and that it marked the beginning of a cryptocurrency bull market. Bitcoin Bull Run Has Started During an interview with Bloomberg on Friday, Lee said that bitcoin (BTC) has returned to a bullish trend more than one year after it crashed. His comments affirmed opinions of several other bitcoin analysts who suggested that bitcoin continue to rise beyond its current price. Lee explained that the bitcoin Bull Run has silenced bitcoin critics who asked “is bitcoin dead?” or “will bitcoin recover?” when bitcoin lost about 90 percent of its value from the all-..
Fundstrat Global Advisors co-founder Thomas Lee said that Bitcoin is back in a bullish trend. Fundstrat Global Advisors co-founder Thomas Lee said that Bitcoin (BTC) is back in a bullish trend during an interview with Bloomberg published on April 5. During the interview, Lee pointed out that Bitcoin’s critics declared the cryptocurrency dead because it lost 90% of its value. However, it has now broken over its 200-day-moving-average, which is why he thinks sentiment has to change and that BTC is currently in a bull market. Lee noted that a tailwind for Bitcoin formed this year because the dollar wasn’t strengthening and China’s equity multiplier has been growing. Lee also noted that there is evidence that the so-called whales — investors who hold great quantities of cryptocurrency — have started accumulating more crypto once again. He said: “A lot of them sold, in early 2018, that’s dry powder, they’re starting to put that to work.” As Cointelegraph reported in March, Thomas Lee previ..
Have you ever heard of the phrase “Bitcoin massive returns in 10 Days? Well, according to the co-founder of Fundstrat’s, Tom Lee, there is a massive 10-day return for Bitcoin that investors can benefit from when they want to profit from the Bitcoin price today in dollars. In today’s Bitcoin news, we are going to examine Lee’s advice to cryptocurrency investors on how to make a profit from the Bitcoin price today in dollars. Bitcoin Price Today In Dollars: When Is The Best Time To Profit From Bitcoin Trading? Lee is a well-known figure in the financial sector. His contributions are never taken lightly because of his wealth of experience in investments. This time, he said that there is a 10-day window for massive investment in Bitcoin every year. Investors who hold during this ten-day period will benefit the most from trading. Lee said this during his latest interview with CNBC. He encouraged investors never to empty their portfolio no matter how low the price of BTC is going. In his wo..
Thomas Lee, the co-founder, Managing Partner and the Head of Research at Fundstrat Global Advisors has predicted a major turnaround in bitcoin price around August. Lee who is a known bitcoin fan spoke during an interview with CNBC where he raised fresh hopes of bitcoin Bull Run this year. He said: “I think the key number to watch is the 200-day moving average…If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.” He faulted the controversial hardfork of Bitcoin Cash (BCH) which caused a massive downturn in cryptocurrency markets around November. “I think it really undermined investor confidence and the dynamics around the market,” he told CNBC. “I think the damage that really needs to be repaired is that drop from $6,000 to $3,100” Bitcoin (BTC) Price Predictions for 2019 In February, Bitcoin and some other major cryptocurrencie..
In fresh comments, the famous Bitcoin bull said investors should eye the 200-day moving average price for hints at a trend reversal. Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months. In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn. “I think the key number to watch is the 200-day moving average,” he told the network, continuing: “If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.” Referencing Bitcoin Cash’s (BCH) contentious hard fork in mid-November, Lee stated, “I think the damage that really needs to be repaired is that drop from $6,000 to ..
Fundstrat Global Advisors issues its 2019 crypto outlook stating that the major coins will soon recover. New York-based research company Fundstrat Global Advisors has released its 2019 crypto outlook on Friday, Feb. 8. The analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies. Tom Lee, Fundstrat’s co-founder and pro-crypto Wall Street analyst, commented on the study in his Twitter. He posted an introduction to the study and infographics that trace key market tendencies from 2017 to now. “We see 9 incremental improvements in the landscape that ultimately support higher prices,” Lee’s tweet states. The preview of the introduction chapter provides a brief assessment of 2018, which, according to Fundstrat, has brought a lot of disappointment. The analysts state that negative headwinds, such as the initial coin offering (ICO) post-hangover, adverse regulatory developments and excessive exuberance have reversed some of crypto’s achieveme..
The investment firm forecasts trouble from cryptocurrencies based on current short-term trends. Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6. Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin prices could dip further. BTC/USD has fallen around 2.2 percent over the past week to trade at $3,370 as of press time Thursday, as many altcoins have seen bigger drops. Sluymer said: “The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower lows.” Fundstrat is known within the cryptocurrency space for providing some of the more upbeat narratives on the future of Bitcoin in particular. Enthusiasm appeared to wane in recent months, however, with popular senior Fundstrat strategist Tom Lee ..
Tom Lee believes the bear market is the golden time to invest in cryptocurrencies, noting BTC prices are going to be “dramatically higher” in 2019. The current bear markets are the “golden time” to be in crypto, major Wall Street crypto bull and co-founder of Fundstrat Global Advisors Tom Lee said Wednesday, Nov. 28, during his speech at BlockShow Asia 2018. Fundstrat’s co-founder named three main reasons behind the recent crypto market collapse: Bitcoin Cash’s (BCH) contentious hard fork, the regulatory actions of the U.S. Securities and Exchange Commission (SEC) forcing Initial Coin Offerings (ICO) to return funds to investors, and the “terrible” condition of global markets, which have dropped by approximately 10 percent in October and November. However, the investor refused to change his positive outlook on cryptocurrencies. Describing the ongoing situation, Lee explained: “[We] have a price correction taking place, which has caused the price to fall even below its 200-day [a popu..
Tom Lee has lowered his expectations for Bitcoin’s price at the end of the year to $15,000 from the previous $25,000. Wall Street analyst and cryptocurrency bull Tom Lee has nearly cut his end-year Bitcoin (BTC) price target in half from $25,000 to $15,000, CNBC reported Nov. 16. According to Lee – the co-founder of market advisory firm Fundstrat Global Advisors – the key factor behind his new target is Bitcoin’s “break-even point,” or the level at which the cost to mine Bitcoin matches its trading price, as CNBC reports. According to Fundstrat’s data, this point is at around $7,000. Bitcoin is currently trading well below this value – $5,550 at press time. According to CNBC, however, Lee told clients in a note Friday that BTC has “never sustained a move below breakeven [sic].” While he is strongly betting on recovery, Lee acknowledges that breaking “below that psychologically important $6,000” leads “to a renewed wave of pessimism.” Moreover, he also added: “But we believe the negati..
Bitcoin’s slump will take “weeks, if not months” to repair the damage and to build sustainable support for multi-month rally, analyst reports. lt will take “weeks, if not months” to repair the “technical damage” caused by the recent collapse of Bitcoin (BTC), according to a Fundstrat Global Advisors analyst, Bloomberg reports today, Nov. 15. In a note to clients yesterday, cited by Bloomberg, Fundstrat’s Rob Sluymer predicted that Bitcoin’s collapse yesterday has pushed crypto markets into a “deeply oversold” area, while “longer-term technical indicators aren’t so favorable.” Sluymer concluded that Bitcoin will be able to support a “multi-month rally,” but only after the “significant” damage done this week has been overcome: “This week’s breakdown produced significant technical damage that will likely take weeks, if not months, to repair to create a durable enough price ‘structure’ to support a multi-month rally.” Yesterday, the largest cryptocurrency Bitcoin dipped below the $5,600 p..
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