The recent surge in the price of BTC and the rest of the altcoins has led many analysts to take an optimistic view about the cryptomarkets, vowing that the bearish trend of 2018 is possibly coming to an end.
After a series of failed
predictions, Tom Lee has again raised expectations in the community, assuring
that Bitcoin could surpass the 10k mark in 2019. In an interview with
MarketWatch, the well-experienced Bitcoin bull explained the reasons
why BTC could even exceed this target:
“Risk appetite is positive for bitcoin … If the S&P 500 made a 2.5 standard deviation move [as it has done year-to-date] and investors are looking for vol [volatility] that’s building a base case for Bitcoin.
Lee is recognized in the community for his strong bullish sentiment even in the worst of times. In 2018, he predicted that BTC could end the year at 25k, then 22.5k, then 15k. After the BTC closed 2018 below 4k, the head of Fundstrat Global Advisors tweeted that he…
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Jose Antonio Lanz