Stocks rallied on Monday as investors cheered early signs that lockdowns in the U.S. and Europe may help to stop the coronavirus pandemic. Meanwhile, many Americans say that $1,200 stimulus checks won’t be enough.
After the FED, Treasury and key persons in the American government made a hefty of clean, effective moves, the stock market looks much better.
The crypto market played out well on March 19-20 amid the market crash, with Bitcoin (BTC) surging by almost 15% to climb back above $6,500.
Fundstrat’s Tom Lee said that the price of Bitcoin could surge to $500,000 in the long term, but he failed to mention the exact timeline for such a pie-in-the-sky target to be achieved.
Bitcoin is approaching a significant milestone in its history – Block Reward Halving. Will the marker react positively? Experts share opinions.
The BTC/USD is only bullish when it is trending past the level of $7,700, the critical resistance is situated at the levels of $8500 and $8,800.
Deeply thinking analyst and Fundstrat’s most famous trader Tom Lee reinforces his Bitcoin price target of $25,000 by 2022 comparing it with FAANG stocks.
Saying that Bitcoin can be viewed as a safe haven for investors, Thomas Lee added that Bitcoin has “done very well this year”. He still stays very optimistic about further BTC performance.
Bakkt Digital Asset Summit highlighted important developments in the launch of Bakkt Bitcoin Futures, which beta release is expected today. CFTC commissioner Dawn Stamp acknowledged the high demand for the derivative product.
JPMorgan expanded its S&P 500 prediction which now stands at 3,200 from initial 3,000. The new target exceeds that of popular stock market bull and Fundstrat co-founder Thomas Lee who initially set the 3, 125 level.