126: Bitcoin Price Could Triple This Year to $40K | Fed Chairman Confirms Crypto Is a Threat to U.S.D.

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - February 12, 2020 14:46 - 18 minutes - 9.02 MB - ★★★★ - 537 ratings
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Will the Bitcoin price triple this year to $40,000? According to Fundstrat Global advisor founder Tom Lee, BTC will break into a new ATH this year that could be around $27,000-$30,000.

Additionally, just two weeks ago, we broke above the 200-day moving average, which means we are back in a bull market. Historically, on average, this breakout has resulted in six months gains of about 190%.

However, this time Thomas Lee believes the Dow Jones Industrial Average would be the first one to break the 30,000, though Bitcoin (BTC) would be the one to hit $40,000, he said.