Over the past 12 hours, Bitcoin (BTC) has bounced back, retaking $8,000 in a decisive fashion. With this latest move in mind coupled with fundamental developments, analysts are starting to become rather bullish on the cryptocurrency markets.In fact, one top industry research firm suggested in a piece that the leading cryptocurrency could end 2020 up…
For some reason or another, Bitcoin investors have long gravitated to round numbers. $1, that’s important. $100, make sure you watch that level. $1,000, all hands on deck. According to a prominent cryptocurrency investor and commentator, there’s truth to the importance of these round numbers, especially in this nascent market. Related Reading: Last Weekly Golden…
Bitcoin price predictions are always hot topics, even more so when they are made by industry heavyweights and huge firms. There have been a few of them over the past week or so and the figures are not small. $150k Bitcoin From Tom Lee Fundstrat Global Advisors LLC’s Tom Lee is still of the opinion…
The launch of a U.S.-regulated Bitcoin exchange-traded fund (ETF) has long been the dream of cryptocurrency investors — they believe that such a vehicle would catalyze mass inflows, kicking off BTC’s largest bull run yet. Though, the past few years haven’t been too kind to cryptocurrency ETF hopefuls. Just last month, the U.S. Securities and…
Over the past few months, Bitcoin (BTC) has been lauded by economists, investors, and commentators as an up-and-coming “safe haven” asset. However, it seems that the cryptocurrency is still at least macro and tangentially correlated with traditional equities. In fact, on the day that U.S. stock indices, namely the S&P 500, approached and effectively tapped its…
CNBC has continued its seemingly non-stop coverage of Bitcoin and other crypto markets. On Monday, the outlet brought on Thomas Lee of Fundstrat Global Advisors to divulge his latest thoughts on the cryptocurrency market. Unsurprisingly, Lee’s comments centered around the impact that tumult in traditional markets and the geopolitical stage, like the U.S.-China trade war,…
Bitcoin bulls are back, and they’ve brought with them the biggest crypto bull of them all: Tom Lee. The Managing Partner and the Head of Research at Fundstrat Global Advisors has made many calls for Bitcoin price targets, but once the bear market really ramped up, he began to bite his tongue and reel in…
Ever-the-optimist when it comes to crypto, Tom Lee has stated that he thinks a fair price for Bitcoin is $14,000. He bases this opinion on the cost to mine a Bitcoin and what he considers a traditional markup on commodities. The managing partner and head of research at Fundstrat Global Advisors also stated that the…
Tom Lee of Fundstrat Global Advisors has once again given cryptocurrency market predictions. The long-term Bitcoin bull stated earlier that sentiment will once again turn positive during 2019. Lee draws on technical, macro, and fundamental indicators to make these conclusions. However, we all know that he has been wrong on more than one occasion when…
While 2018’s lethargic crypto market crawl has continued into early-2019, save for Friday’s sudden buy-side influx, analysts have begun to express optimism. Case in point, Fundstrat Global Advisors, a New York-headquartered investment advisory outfit, expressed why the outlook for Bitcoin and other cryptocurrencies could improve over 2019. Fundstrat Expects Bitcoin Fundamentals To Improve In a…