Tom Lee Bitcoin Price Prediction Fail – Bitcoin Is Not Rallying As Expected

tom lee bitcoin price prediction fail bitcoin is not rallying as expected

Bitcoin shows no growth: Bitcoin Price (BTC) hasn’t moved higher despite the Consensus Summit: Bitcoin price trades in the range of $8,300 today after briefly touching $8,800 level at the beginning of the week. The largest coin has posted losses in last two consecutive days. This downside move is contrary to analyst’s predictions who were expecting a strong rally amid the New York consensus summit. Indeed, Tom Lee – who has predicted Bitcoin price to reach $25K by the end of this year – failed to predict the price movement…

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Death Cross Pattern Fail to Create an Immediate Selloff

death cross pattern fail to create an immediate selloff

The ‘Death Cross’ pattern failed after Bitcoin (BTC) price moved above from 50-day’s low of $6,500. BTC price soared sharply on Monday and extended the uptrend into today’s trading, amidst concerns regarding the immediate price crash on Death Cross pattern – which occurred on Bitcoin price chart on Sunday when its 50-day moving average has cut the 200-day moving average from the top. BTC price started recovering losses after hitting 50-day low of $6,500 during the weekend. Bitcoin currently hovers in the range of $7,300, up more than 5% today…

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