Is Bitcoin Broken? Tom Lee Says Bitcoin Misery Index Indicates No

is bitcoin broken tom lee says bitcoin misery index indicates no

Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating. Fundstrat Bitcoin Misery Index: BTC is at 39% On Monday, Tom Lee went against the Bitcoin bears, announcing that no, Bitcoin “isn’t broken,” even if it stays at the current price—which, at press time, is $7,120.73. He also said that Bitcoin is not…

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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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Crypto World Cup Day 11: Tom Lee vs. Justin Sun

crypto world cup day 11 tom lee vs justin sun

Day 11 of the Crypto World Cup has come to completion but who ended the day on top? Sunday’s matches included: Tom Lee vs. Justin Sun Andreas Antonopoulos vs. Jack Dorsey Don Tapscott vs. Warren Buffett In matchday one, Andreas Antonopoulos defeated Warren Buffet 2-1. Jack Dorsey defeated Don Tapscott 2-1 and CryptoYoda defeated Erik Voorhees 3-1. If you don’t know them all yet, meet the players of the Crypto World Cup. Check out the results and highlights of today’s games Match 1: Tom Lee 1-6 Justin Sun Justin Sun…

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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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