Thomas Le

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Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next
Bitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With more than $72 billion shaved off the valuation of the entire cryptoc...
$11,381: Bitcoin Price Bulldozes to New 2019 High; All-Time High Next?54
The bitcoin price has surged to a new 2019 high once again at $11,381 less than 24 hours after climbing to $11,200 on June 24. Analysts like Fundstrat’s Thomas Lee, RT host Max Keiser, and technical analyst Peter Brandt foresee the bitcoin price reclaiming its all-time high at $20,000 in the near term as the dominant crypto asset continues to see its momentum strengthened. Where is the ceiling for...
$10,915: Bitcoin Price Destroys Key Milestone to New 2019 High, What’s Next?246
By CCN Markets: On major crypto exchanges in the likes of Bitstamp and Coinbase, the bitcoin price has achieved a new 2019 high at $10,915 in an overnight rally. As the bitcoin price surpassed the $10,000 mark, a level that has been regarded as a key psychological level by prominent investors and analysts including Tyler Winklevoss and Thomas Lee, the sentiment around the near term trend of the cr...
Bitcoin Price Will ‘Easily’ Blast Beyond All-Time High Soon: Wall Street Analyst140.4
By CCN Markets: Speaking to CNBC’s Futures Now, Fundstrat co-founder and head of research Thomas Lee said that considering the momentum of bitcoin, the dominant crypto asset is likely to take out its all-time high very soon. “Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into ...
Tom Lee Says This Investment Trust Could Soar Alongside Bitcoin33.6
By CCN Markets: With all of the crypto attention currently centered on Facebook’s Libra cryptocurrency, bitcoin could be gearing up for its best run to date. Fundstrat Co-Founder Thomas Lee believes that it is headed much higher in the near future, predicting that a fear-of-missing-out, or FOMO, will catapult the bitcoin price to $40,000 sooner than later. According to a Bloomberg report, Fundstra...
Investor: Bitcoin could be benefiting from the economic crises around the world144
Bitcoin has been on a 174 days bull rally since the low of Dec. 15, 2018, when it was trading at $3,150, which has seen its price surge 188 percent reaching $9,070 on May 30. According to some analysts and investors, the upswing may be partially be attributed to the financial crises affecting the world’s biggest economies, which is fueling excessive optimism in the cryptocurrency industry. As the ...
If Bitcoin Hits This Key Level, It’s Going to Make a Run for $40K: Tom Lee114
By CCN Markets: The bitcoin price might have slipped below $8,000 for now, but it could be headed much higher in the near future. Fundstrat Global Advisors Co-Founder Thomas Lee is willing to put it on the line for bitcoin once again, making an aggressive short-term prediction on where the cryptocurrency could be trading if it can capture enough momentum. In an interview with Binance CFO Wei Zhou,...
What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year13.2
By CCN: The stock market still has more runway for gains despite the trade war. Fundstrat Co-Founder Thomas Lee is doubling down on his year-end target of 3,100 for the S&P 500, which reflects gains of 9% from where the index hovers today. The S&P 500 has already climbed 14% higher year-to-date, and but the mood in the market has felt more like “doom-and-gloom” than “to the moon” as a result of th...
Bitcoin Price Blitzed $20,000, 13 Days After it Last Closed at $8,300; Déjà Vu?58.8
By CCN: Year-to-date, the bitcoin price has surged by 113 percent in a stunning recovery, achieving $8,000 in merely six months after plunging to $3,150 in December 2018. As said by Thomas Lee, a co-founder at Fundstrat Global, bitcoin has historically tended to record most of its gains in a short time frame, typically in a 10-day window, unlike traditional assets and asset classes. 2/ Reminder th...
Fundstrat: Bitcoin (BTC) Moving Back to $8,000 Confirms Crypto Winter Is Over
That’s right, according to Fundstrat Global Advisors, the Bitcoin (BTC) bear market is finally over. In a tweet posted Sunday, Thomas Lee, Fundstrat’s resident crypto cheerleader and head of research, revealed his firm’s 13 reasons why he believes that the “crypto winter” has gone kaput. The most recent of these being that BTC “disturbingly” dropped to $6,200, then skyrocketed to hit $8,200.
Prominent Analyst: Bitcoin (BTC) Bull Season 99% On, Yet Price Could Stumble In The Short-Term
Bitcoin is back. While BTC has slowed over the past 12 hours, falling to $7,700 after a rally to $8,350 on Coinbase, the market still looks extremely bullish in the eyes of many prominent analysts. In a Twitter post released Tuesday, Willy Woo, a well-known researcher, technical analyst, and statistician, noted that throughout Bitcoin’s ten years as a tradable asset, a single trend has always resu...
Risk On! Fundstrat’s Tom Lee Spots a ‘Huge Buying Opp’ in Stocks14.4
By CCN: As Donald Trump and China continue to play Russian roulette with the global economy, the Dow Jones Industrial Average is doing just fine, thank you. Fundstrat Co-Founder Thomas Lee is an uber-bull, both in the stock and crypto markets. So for him to suggest that recent stock market declines from the highs represent a chance to buy isn’t overly shocking. He told CNBC: “I think investors sho...
S&P Bull: Fundstrat’s Tom Lee Says ‘Buy Stocks Even at New Highs’12
By CCN: Fundstrat Co-Founder Thomas Lee has been covering the stock market for longer than he’s been analyzing bitcoin. And while crypto has been a tough nut to crack, he’s got a pretty good track record with stocks. Lee’s scorecard bodes well for his latest prediction that the S&P 500 index will reach 3,125 by year-end, which is higher than his previous forecast of 2,925. So why so bullish? For o...
Bitcoin Price Rise After Tether Scandal Shows End of Crypto Winter: Fundstrat6.2
On Tuesday, the crypto asset market began to move higher, shocking many investors across the board. As of the time of writing this, Bitcoin (BTC) is trading at $5,380, posting a 2.81% gain in the past 24 hours. Most altcoins, like Ethereum, are up even further, with Litecoin flouting a hefty 7.26% 24-hour rally. Even Tether is looking green, with USDT posting a 0.5% gain.
Textbook Trend Reveals Altseason May Resume, Bitcoin (BTC) To Underperform
Over the past week, altcoins (crypto assets other than Bitcoin) have begun to slip. In fact, as of the time of writing this, Bitcoin dominance is sitting at a casual 54.4%, the highest this figure has read since mid-December, when BTC was in the midst of the capitulation to the low $3,000s. This recent altcoin action is starkly contrasted by the jaw-dropping rallies we saw in digital assets such a...
Bitcoin (BTC) Rolling Back Losses, Bulls Stand a Chance As Sentiment Change
After another Tether (USDT) related scandal triggering a mini-crash, Brian Kelly, the CEO of a digital investment firm BKCM LLC says he is a crypto optimist. As an experienced analyst who is “generally right about 60 percent of the time“, his outlook is upbeat and is sensing opportunity despite repeated challenges.  With this, the “The Bitcoin Big Bang — How Alternative Currencies Are About to Cha...
Survey Says Sell? Just 43% Believe ‘Golden Cross’ is Bullish for Bitcoin Price36
By CCN: Not everyone is convinced that Bitcoin’s highly-touted “golden cross” is a bullish signal for the world’s largest cryptocurrency. Almost 25% of Crypto Investors Believe Golden Cross is Bearish for Bitcoin According to a Twitter survey conducted by crypto bull Thomas Lee, 24% of Crypto Twitter inhabitants believe that the signal, which typically hints at a bull run ahead, is a trap and that...
Altseason Already Over? Analysts Suggest Bitcoin (BTC) Will Outperform In Short-Term
All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is here. This would seemingly be the case. Binance Coin recently surpassed its all-time high, in a brutal bear market no less, as Litecoin has rallied by over 200% since December’s low. Cardano, Ethereum, Tezos, and Basic Attention ...
Bitcoin Bull Tom Lee: Alt-Season May Be Underway, Crypto Assets To See Strong Rally6.6
All eyes may be on Bitcoin (BTC), but other crypto assets have seen their fair share of gains since the start of 2019, sparking calls that what is known as “altseason” is right on the horizon. Per one prominent industry analyst, this cyclical industry event, which sees altcoins dramatically outperform the de-facto cryptocurrency lead, may actually be live as we publish this.
Strong Dow Recovery Shouldn’t Surprise with Robust U.S. Economy19.2
From April 11 to 12, within a two-day span, the Dow Jones experienced a recovery from 26,062 points to 26,412 points, by 1.34 percent. Throughout early April, the Dow Jones had struggled to show momentum above the mid-25,000-point level, possibly due to the lack of clear stimuli for short-term growth and the uncertainty surrounding the trade talks between the U.S. and China. As said by Thomas Lee,...
Bitcoin ‘Misery Index’ Flashes Highest Since Mid-2016; Crash Coming?18
While bitcoin hovers near its highest price in months, you may not have noticed a big move in Fundstrat Global Advisors’ Bitcoin Misery Index. Fundstrat head and perma-bull Thomas Lee tweeted the news on April 11: The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June 2016. Means good and bad. Good–> Since 2011, BMI >67 only seen during $BTC bull markets. More evidence bull startin...
Tom Lee: Bitcoin Misery Index Indicates Crypto Winter Ended When BTC Hit $3,000
Fundstrat’s Tom Lee, a Bitcoin (BTC) permabull, has taken to public forums again to explain why he believes that worst is in for cryptocurrency market. In a tweet posted Thursday, the Fundstrat head of research claimed that his firm’s proprietary aptly-named Misery Index, which weighs an array of factors to find out Bitcoin investor sentiment, reached a reading of 89 (very happy) on April 2nd, whi...
Bitcoin (BTC) Bear Market Isn’t Over? Industry Analysts Duke It Out
With Bitcoin (BTC) recently surmounting $5,000 in a move that came straight out of left field, some are sure that bears are done. Jonathan, a forex and cryptocurrency trader, however, recently explained that it would be unfair to assume that the bear market is over. In fact, in a recent Twitter post, he seemed to hint that proclaiming a bear trend over is irresponsible.
Bitcoin Whales Have Started Splashing – This Rally’s Just Getting Started73.2
On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the past 24 hours, the bitcoin price experienced a roughly 2.7 percent recovery following a slight pullback, climbing to $5,055 and leading a nearly $8 billion crypto market recovery. The slight retrace came after an ...
Crypto Traders Lean Bullish After Bitcoin (BTC) Holds $4,800, What’s Next?4.8
While many mainstream media outlets recently addressed the crypto industry with overt skepticism and seeming misunderstandings, with Gizmodo recently bashing Bitcoin’s power draw, this market has continued to push higher. As of the time of writing, Bitcoin (BTC) is slated to enter its second day of rallying strongly — the asset’s first clearly bullish streak since late-December 2018.
Fundstrat Expects Emerging Markets Rally To Spark Bitcoin Boom, Potentially Pushing BTC to $20k
For some reason or another, investor sentiment has begun to turn decidedly positive in the cryptocurrency market. Tom Lee, the co-founder and head of research at Fundstrat Global Advisors, added to this influx of hopium-laced messages through a piece of analysis he pushed to his Twitter following, many of which are embroiled in all things Bitcoin.
Billionaire Bitcoin Bull Novogratz Sees ‘Next Move Higher’ for Crypto Market43.2
The bitcoin price is holding above $4,000, today’s fractional declines notwithstanding, and the bullish price predictions are back. Michael Novogratz of crypto merchant bank Galaxy Digital is the latest voice to come out of crypto hibernation and tell it as he sees it. Novogratz is calling the market bottom days after Fundstrat’s Thomas Lee issued his latest bullish outlook for the BTC price. Novo...
From Tom Lee to John McAfee, Bitcoin Predictions Haven’t Aged Well6
They came in plenty, some a little conservative and others outright ambitious. There were those who predicted that Bitcoin would hit $20,000 even before the year ended. Others went long term, predicting as high as $1 million in 2020. While the long-term predictions could still come to pass, those who made predictions for the year missed the mark greatly. With three days to go before we bid 2018 go...
Bitcoin Will Likely Survive the Crypto Winter Before Any Other Crypto Asset3.66
Exactly one year ago, the price of bitcoin had reached its all-time high – at almost $20,000 – that paved the way for some enthusiastic bullish calls. Mike Novogratz, a former Goldman Sachs official, predicted that the digital currency would touch the $40,000-mark. Fundstrat CEO Thomas Lee said bitcoin would establish a new high at $25,000. Some analysts even predicted that it would overreach its ...
Dubious Bitcoin Price Predictions; Thomas Lee Claims Bitcoin’s Value is at Least $13,80074.31
Many market oracles are likely to miss their Bitcoin price predictions for the end of 2018. For example, outspoken market soothsayer Thomas Lee said Bitcoin should be trading at nearly four times its current price while going quiet on his long-lasting $25,000 forecast for the end of the year. Many other alleged experts in the space have made similar predictions.
Why Popular 2018 End of Year Bitcoin (BTC) Price Predictions Are No Longer Valid8.65
With the Holiday season in high gear, we have less than 3 weeks till we usher in the new year of 2019. Many individuals across the globe are probably decorating their Christmas trees and planning on how they will meet up with loved ones in the next few days as well as for New Year’s celebrations. Many crypto traders and enthusiasts, had hoped that by the end of 2018, Bitcoin (BTC) and other popula...
Has Bitcoin’s Price Become Immune to the Effect of Expiring BTC Futures Contracts?6.79
On the 26th of October, Ethereum World News notified its readers of the expiration of Bitcoin (BTC) Futures contracts offered by the CME Group. The BTC Futures contracts were expiring on the same day at 4pm London Time. Some traders have also put forth the idea that they usually expire at 4pm GMT. The difference between the two time zones is one hour but we can observe from this past Friday, that ...
Quarterly Bitcoin (BTC) Futures Contracts by the CME Group Expire Today, October 26th4.77
October 26th might be one of the most significant dates in the crypto calendars this year due to an event might catalyze a trend reversal in the crypto markets. The crypto markets have been on a free fall since February when news of banning crypto trading in China and South Korea hit the crypto-verse. A few months prior, and on December 17th, the CME Group had launched Bitcoin (BTC) Futures contra...
Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think?52.17
It’s been a wild year for cryptocurrency prices thus far, exemplified by the meteoric rise and subsequent crash of granddaddy Bitcoin. After cresting a high of more than $19,000 in December, Bitcoin’s price tumbled down to less than $6,300 in early February. Since then, it’s vibrated at a relatively low range while the market as a whole made several false starts.