Tag: Thomas Lee

Thomas Lee Expects a Bullish Bitcoin Weekend Courtesy of the Fed

Given the current Bitcoin price momentum, it has become somewhat difficult to make sense of the market trends. That situation will not necessarily change in the near future, as ups and downs will continue to occur intermittently. Thomas Lee, a well-known crypto bull, claims Bitcoin will see a major reversal over the course of the weekend. So far, nothing of the sort has happened.  Thomas Lee has an Interesting Vision …
[Read More]

Bitcoin Price Watch: Currency Drops by $200

Bitcoin has endured another small slump. After spending nearly 24 hours at $7,100, bitcoin’s price has dropped by $200 and now stands at $6,900. This has become something of a routine over the past two weeks. Bitcoin jumps a bit, then falls a bit. While nothing huge appears to be happening, bitcoin resistance levels seem stronger when compared to just three years ago. Previously, Thomas Lee of Fundstrat fame claimed …
[Read More]

Bitcoin Price Watch: Currency Slumps to New Monthly Low

Another drop is in the books, and bitcoin is hovering at a monthly low of approximately $7,400. While predictions remain relatively varied, some believe that bitcoin may be heading towards a “death cross,” and that the price could drop to new levels before any serious recovery is experienced. First and foremost, a death cross occurs when an asset’s short-term average sinks lower than its long-term average. Sadly, this has occurred …
[Read More]

Bitcoin Price Watch: Currency Still at $7,900, but Analysts Remain Bullish

Bitcoin is holding its ground at $7,900. There is no news to report regarding its price – only that it seems to have developed new levels of resistance and could remain here over the coming weeks. This isn’t necessarily a bad thing; bitcoin is showing strong defense against recent trends and backlash, particularly that which was delivered by Twitter. The company recently announced that it was suddenly banning all cryptocurrency …
[Read More]