Home » Fundstrat’s CEO Thomas Lee: Bitcoin Is Back in a Bullish Trend

Fundstrat’s CEO Thomas Lee: Bitcoin Is Back in a Bullish Trend

Fundstrat Global Advisors co-founder Thomas Lee considers that Bitcoin (BTC) is back in a bullish trend. The expert conveyed the view during an interview with Bloomberg published on April 5.
news - Fundstrat’s CEO Thomas Lee: Bitcoin Is Back in a Bullish Trend

Fundstrat Global Advisors co-founder Thomas Lee considers that Bitcoin (BTC) is back in a bullish trend. The expert conveyed the view during an interview with Bloomberg published on April 5.

Lee said that Bitcoin’s critics declared the cryptocurrency dead because it lost 90% of its value. However, it has now broken over its 200-day-moving-average, which is why he thinks sentiment has to change and that BTC is currently in a bull market. 

Fundstrat’s CEO also noted that there is evidence that investors who hold great quantities of cryptocurrency have started accumulating more crypto once again. “A lot of them sold, in early 2018, that’s dry powder, they’re starting to put that to work,” he said. 

In February, Lee’s New York-based research company Fundstrat Global Advisors released its 2019 crypto outlook in which analysts describe incremental improvements that will purportedly support higher prices for cryptocurrencies.

JOIN TO OUR TELEGRAM CHANNEL

ALL THE LATEST BREAKING NEWS ON TELEGRAM

Join to our Telegram channel HYIP.com to be always up-to-date with the latest news of the cryptocurrency space.

Related Posts

Have your say!

0 0

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up