Tagtom lee

Bitcoin Could Break Through to a New High in 2019, Predicts Tom Lee

tom lee

By CCN Markets: A debate has been raging about whether or not bitcoin should be deemed a safe-haven asset. After all, the leading cryptocurrency sure wasn't behaving like one and investors sure weren't doing a flight to safety in crypto while the equity markets were getting hammered this week. Even now, bitcoin is quietly holding onto $10,000 but not before having dipped below that key level in...

Stock Market Bull Tom Lee: Buy the Trade War-Induced S&P 500 Dip

stock market, S&P 500, dow jones

Stock market bull Thomas Lee of Fundstrat has invited investors to “back up the truck” and load up on the trade war-induced dip in the S&P 500. His client letter comes at the end of an action-packed week full of economic data, a landmark interest rate decision, and political wrangling that caused volatility to spike across the board. Friday's July payrolls data was largely overshadowed as the...

Bitcoin Still 'Wildly Bullish' Despite Sharp Recent Retreat, Experts Say

bitcoin, bitcoin price

Despite the recent fall of Bitcoin, experts have not yet abandoned their bullish sentiment. In fact, it seems that current events have only served to reinforce this perception. While it is true that bitcoin experienced a sharp drop, breaking essential supports for swing and day traders, in a long term vision it is possible that this is only an exception or even a shadow in long-term candles...

Trump's Crypto Roast Could Supercharge Bitcoin Price to $40,000, Predicts Analyst

bitcoin, bitcoin price

President Donald Trump tweeted a blistering takedown of cryptocurrencies like bitcoin and Libra Thursday. But the savage Trump roast on Twitter might be great for bitcoin. It may even boost the bitcoin price to a new all time high. That's Fundstrat Global Advisors Head of Research Tom Lee's prediction. In an interview on Yahoo Finance, he said: "On balance, it’s a positive because...

Tom Lee: Bitcoin Close to Full-Blown FOMO as Price Nears Key 10K Level

By CCN: After a week in which bitcoin flirted with $9,000 for the first time in a year, Fundstrat’s Tom Lee cited data which suggests the point of no return is fast approaching. According to data from Fundstrat, when the value of bitcoin crosses the $10,000 barrier, it’s full-blown FOMO all the way. Labeled as ‘Level 10’ FOMO, this represents the equivalent value at which Bitcoin has soared in...

What Trade War? Tom Lee Says the S&P 500 Could Return 23% This Year

Thomas Lee, Fundstrat

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...

$25,000 Bitcoin Price Next for Perma-Bull Tom Lee after Ringing Crypto Winter Dead

Bitcoin price, bitcoin, Tom Lee

By CCN: Fundstrat CEO Tom Lee says the ‘crypto winter’ is finally over, offering 13 solid reasons to back up his claim. According to the bitcoin perma-bull, there’s nothing but blue sky between here and his $25,000 price prediction. If he's right, then bitcoin has bottomed for this cycle and we have now entered a bull market. Lee's 13 signs touched on everything from technical analysis, Wall...

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