Tom Lee, the co-founder of Fundstrat global took to Twitter to announce his thoughts on the cryptocurrency bear market. According to him, the worst is over for Bitcoin.
He also mentions in the tweet reply that the most important asset in the cryptocurrency space is Bitcoin [BTC]. Tom Lee is famous (or infamous) for his bloated price predictions on TV. His latest price prediction expects Bitcoin to reach new all-time highs in 2020.
Tom Lee appeared on CNBC on Friday and making another prediction. But this time he gave 7 key reasons as to why Bitcoin’s price is going up.
The reasons include Bitcoin halving, trade volume near high, Bitcoin past is 200 days MA [Moving Average], Fundstrat’s Bitcoin Misery Index turns positive, Increase in BTC OTC trading, Consensus in the bottom is in, Bitcoin’s golden cross.
Tom Lee’s prediction has rarely been accurate. He predicted that Bitcoin will be racing $25,000 by the end of 2018, but in reality it fell short by a considerable margin.
Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Crypto Devs Beware: Campaign Deploys Backdoors and Fake MetaMask for Stealthy Theft Imagine getting a…
Crypto Developers Targeted: Fake Job Interviews Hide and in Theft Campaign Cryptocurrency developers, Web3 builders,…
Why Crypto Brands Need Top Marketing Help in 2026 The crypto world is booming. Blockchain…
Ethereum is gearing up for big changes. The latest
Exciting News for Africa's Digital Economy Africa is on the rise in the world of…
Crypto Boom Pushes Banks to Master Blockchain started as a simple idea: a shared ledger…