A recent analysis regarding supply and demand suggests that the end of
the Bitcoin bull run will come not as a result of lack of buyers but because of an overabundance of supply.
Tom Lee, an analyst at Wall Street firm Fundstrat and known to be
a bitcoin bull, stated that the price of bitcoin will likely drop to a yearly low before recording a swift recovery.
Tom Lee, co-founder of the market strategy firm Fundstrat Global Advisors and a well - known
bitcoin bull, sees bitcoin's price «easily double» in 2018.
- meme and why it made sense to Short the Great
Bitcoin Bull.
The post
Bitcoin Bull Tom Lee Cautious as Bitcoin Price Nears $ 7,500 appeared first on CryptoCoinsNews.
This is by far the strongest
Bitcoin bull run I've seen in 6 + years.
Bitcoin price analyst Tone Vays has called the «top» of the latest
Bitcoin bull run at $ 7,500.
That's according to market strategist and noted
Bitcoin bull Tom Lee, whose firm — Fundstrat Global Advisors — was the first Wall Street strategy firm to recommend cryptocurrencies to clients.
He isn't
a Bitcoin bull like Michael Novogratz; but neither has he derided the currency as has JP Morgan Chase CEO Jamie Dimon.
Litecoin (LTC) has remained stable throughout the recent
Bitcoin bull run.
A quick glance at Google Trend's analytic graph shows that interest in Bitcoin had a small peak in May, while it really started to garner interest worldwide around the time that SegWit2x was postponed and
the Bitcoin bull run began.
Fundstrat analyst and infamous
Bitcoin bull Tom Lee has already seen success from his new «Bitcoin Misery Index» which told traders to buy Friday.
Some believe the current
Bitcoin bull run could be a bubble, yet if you consider and examine the fundamentals, a very different picture emerges.
Bitcoin has come a long way since the time 10,000 coins were allegedly used to buy a pizza — and if you ask
Bitcoin bull Cameron Winklevoss, the gold standard of cryptocurrency still has a long way to go.
«Buy the dip and HODL,» said
Bitcoin bull Thomas Lee, head of research at Fundstrat Global Advisor, on CNBC's post-market show «Fast Money» on Wednesday.
In a note written to investors on Tuesday, strategist Robert Sluymer, Sam doctor and
bitcoin bull Tom Lee stated that as much as the bulk of the decline for altcoins is over, a bull market shouldn't necessarily be expected to follow immediately.
Pantera Founder Confident About
Bitcoin Bull Run To Start Soon Pantera Capital founder and CEO Dan Morehead feels that Bitcoin market has a long way to go with bigger opportunities waiting to be unleashed just around the corner and the bitcoin price may rise in coming...
The savvy
bitcoin bull also warns that a rally of the altcoins shouldn't be expected just yet.
The Bitcoin bull continues to charge as the price soars to over $ 14k.
«The first edition of «
Bitcoin Bull Watch» opines about how minimal China's impact is on Bitcoin prices in the long run and makes the case that adoption is the only key factor influencing the price.»
Summing up that investor optimism, James Altucher, a former hedge fund manager, popular business blogger and
bitcoin bull, told CoinDesk:
This comes at a time when
Bitcoin bull have been slaying the market with its utmost vigor and taking the price curve further up the radar.
data - ad - client = «ca - pub - 9378923892950908» data - ad - slot = «4926898058» > data - ad - client = «ca - pub - 9378923892950908» data - ad - slot = «6572642908» > Saxo Bank Analyst Give Bullish Prediction Of Bitcoin Price Kay Van - Petersen, a famous
Bitcoin bull and global macro strategist at...
Ever
the Bitcoin bull, Fundstrat's Tommy Lee has today predicted a full recovery and then some in the cryptocurrency market within 2018.
Bitcoin bull Thomas Lee calms down the cryptocurrency investors and says that they need to be patient owing to more than 40 percent decline in 2018 itself.
The image above shows a multi-year, parabolic envelope that, until recently, has guided
the bitcoin bull market.
According to a group of analysts at Fundstrat, the Wall Street research firm led by noted
bitcoin bull Tom Lee, says that the bear market for alt - coin, or alternative currencies, is «largely over.»
At a time when many are making short - term bets on the price of bitcoin and other cryptocurrencies, one
bitcoin bull is going a step further.
China generally leads
the bitcoin bull trends and sometimes takes a price lead as high as 10 % over the USD exchanges.
At a time when many are making short - term bets on the price of bitcoin and other cryptocurrencies, one
bitcoin bull is going a step further.
«Long - term holders are worried because they have big gains and they're worried about falling prices,» adds
the Bitcoin bull.
But Lee, a noted
bitcoin bull, projects BTC will rise again after Tax Day passes on April 17.
Fundstrat analyst and infamous
Bitcoin bull Tom Lee has already seen success from his new «Bitcoin Misery Index» which told traders to buy Friday.
Bitcoin fell on Friday because «everybody's panicking,» but volatility in this market is actually quite normal,
bitcoin bull Brian Kelly said.
(
Bitcoin bull Tom Lee is predicting that crypto will hit $ 25,000 by year's end, and John Pfeffer says it could hit as high as $ 700,000.)
Well, according to venture capitalist and
Bitcoin bull Tim Draper, get reading for the cryptocurrency to reach $ 250,000 in four years.
One of the biggest
bitcoin bulls on the street says the cryptocurrency could more than triple this year.
One of the earliest
bitcoin bulls has a message for investors in the cryptocurrency market who have already made a killing.
Despite predictions from
bitcoin bulls that prices would recover after Tax Day, prices pulled back dramatically below $ 8,000.
As the end of U.S. tax season approaches,
Bitcoin bulls believe that the digital currency will finally begin its next run to prices over $ 20,000.
After a 27 % gain, it appears that
the Bitcoin bulls are back in control!
To start with,
bitcoin bulls have been arguing since the early years that the cryptocurrency shares -LSB-...]
The Bitcoin bulls are like early bulls in any sector.
Alts are where
Bitcoin bulls go when Bitcoin corrects.
This year, the split between
bitcoin bulls and bears seems to be evenly matched, so a lot of investors will probably take a wait - and - see approach before drastically increasing their crypto exposure.
Still,
Bitcoin bulls are setting their sights on the potential release of a Bitcoin exchange traded fund, a product that would trade on the regular stock market, opening up the digital asset to a broader array of investors.
The post Markets Update:
Bitcoin Bulls Are Back Testing Key Resistance Levels appeared first on Bitcoin News.
Another day,
another Bitcoin bulls» failure to push beyond $ 9,000.
The silver lining for
bitcoin bulls now might be an opportunity to enter the market at lows that haven't been seen since November 2013, before the cryptocurrency's historic bull - run.
Bitcoin bulls must hope that the new year offers fresh hope for a lift in prices.