119: Bitcoin Price May Hit $27K All-Time High by Summer Predicts Tom Lee | BTC WILL HIT $30,000 IN 2020
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
English - February 05, 2020 14:21 - 17 minutes - 8.37 MB - ★★★★ - 537 ratingsTechnology Education bitcoin binance bitcoinnews bitcoinnewstoday bitcoinprice bitmex blockchain btc btcnews crypto Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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The Bitcoin price is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. Speaking to Yahoo! Finance on Feb. 4, Tom Lee, co-founder at Fundstrat Global Advisors, said one bullish technical factor, in particular, made him “really optimistic” about the BTC price short-term potential.
“Notably in January - January is usually a week month, it was a great month for Bitcoin, up 26% - but it also recovered its 200-day moving average,” Lee explained. “That’s a big deal as you know, as anyone who’s a trend follower knows - when you’re back above your 200-day, you’re back in a bull market. Whenever Bitcoin breaks back into its 200-day, its average six-month gain is 197%.” - Tom Lee