Fundstrat’s Tom Lee: Bitcoin Misery Index Indicators Show the Crypto ‘Isn't Broken’

fundstrats tom lee bitcoin misery index indicators show the crypto isnt broken

Bitcoin (BTC) “isn’t broken” if it’s holding at the current price and volatility levels, Fundstrat’s Tom Lee said to CNBC’s “Fast Money” on August 6. In the interview, the Wall Street bull referred to the current indicators of Fundstrat’s recently launched Bitcoin Misery Index (BMI), which aims to inform investors of how “miserable” holders of the currency are based on its price and volatility. According to Lee, when the index is below 27, it shows that future returns are very good, while if it surpasses 68 percent, it is “time…

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Tom Lee Bitcoin Price Target: From $25K to $20K

tom lee bitcoin price target from 25k to 20k

Last month, Bitcoin enthusiasts breathed a sigh of relief when they were informed that the Tom Lee Bitcoin price target was $25K by the end of 2018. But a month later, now in the second half of the year, Tom Lee has changed his mind. He now expects that Bitcoin will trade a little over $20,000 by year-end. Tom Lee Bitcoin Price Target: 20% Less Than Original As the Bitcoin bulls and bears continue to fight, the Fundstrat co-founder has sided with both in certain instances. He admitted that Bitcoin’s trading…

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The Crypto World Cup: Meet the Players, Guess Who Wins

the crypto world cup meet the players guess who wins

It’s time for the next saga in our crypto game adventures – the Crypto World Cup! The world of crypto has a lot of big names. It’s about time they faced off with one another. Who will come out on top? Let’s meet the players! Crypto World Cup: Who’s Who Our crypto representatives come from all walks of crypto – token developers, crypto advocates, analysts, even some crypto naysayers. All of our fabulous crypto representatives were assigned randomly to a country playing in the FIFA World Cup. Their progress in…

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Tom Lee Says Bitcoin Bears are Wrong About Three Things

tom lee says bitcoin bears are wrong about three things

According to Tom Lee, Bears aren’t accurately reading declining volume, tumbling Google search trends and prospects for the price crash. Indeed, Fundstrat’s Tom Lee believes Bitcoin is offering a strong buying opportunity for long-term investors, as he expects the largest coin to trade around $25K by the end of the year. Bears emphasize that a decline in Bitcoin searches in Google is an indication of a lack of trader interest in digital coins. Bitcoin searches dipped almost 75% since the start of this year. Tom Lee, on the other hand,…

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Tom Lee Explains Why Consensus 2018 Didn’t Boost BTC Prices

tom lee explains why consensus 2018 didnt boost btc prices

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry. Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior. One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he…

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Tom Lee’s 70% BTC Upside Prediction; Is it a Fairy Tale?

tom lees 70 btc upside prediction is it a fairy tale

Bitcoin price (BTC) plummeted sharply in the last two days following Bill Gates and Warren Buffett’s criticism regarding the cryptocurrency markets. The largest coin traded at around the $9,000 level early today, down almost $1,000 from Sunday’s high of $9,900. Altcoins fell at a high mid-single-digit rate in the last two days, pulling the total cryptocurrency market capitalization to the lowest level in the last week. Despite this, another Tom Lee prediction has surfaced. Bears are on top of the market as business icons have called cryptocurrency markets a “greater…

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