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.
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.
The BTC chart shows a “golden cross” occurrence which demonstrates that the Bitcoin price can shoot over 150% from the existing levels in the next six months.
Bitcoin price is hot, with analysts enrolling their opinions regarding future movements. Let’s take a look at them: will BTC reach $12,000 or will it fall?
As Bitcoin is ranked among the top hot topics by Weibo in China, analysts think the popularity will catalyze its market price to $40, 0000. However, BTC dominance is down in the $300B crypto market.
Tom Lee, Fundstrat’s chief analyst, thinks Bitcoin (BTC) price will reach 40,000 before the Dow Jones reach 40,000. Bitcoin halving is just 89 days away and the world is in crisis – how will this influence the price?
Bitcoin price consolidates gains between $9,200 and $9,600. Some experts believe that the next halving event that is around 98 days away would push it significantly higher.
Tom Lee and other experts predict Bitcoin halving as the reason for a huge price rise, while the opposite camp claims miners may drag it down.
Bitcoin is approaching a significant milestone in its history – Block Reward Halving. Will the marker react positively? Experts share opinions.
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.