BITCOIN HITS NEW ALL-TIME HIGH!! WALL STREET STRATEGIST PREDICTS $168K BTC BY YEAR-END!!

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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

Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

The Bitcoin halving plus geopolitical demand drivers may push Bitcoin (BTC) above its previous all-time high in 2020.

The CEO of the crypto asset startup Celcius believes that the combination of the two could see the leading digital asset reach as high as $30,000 before the end of this year.

Alex Mashinsky believes that most people underestimate the impact the halving this spring will have on the Bitcoin price.

The increasingly entrenched “store-of-value” narrative in an increasingly unstable world may drive the price up sooner than most people think.

Mashinsky says that most people are underestimating the impact of the halving. He takes the popular opinion that global political uncertainty makes the leading crypto asset increasingly popular.

Calling Bitcoin “the doomsday insurance”, he states: “I think that Bitcoin ends the year with a new high. I estimated $30,000 but it’s going to be somewhere between $20,000 and $30,000.”

Mashinsky also comments that a bullish Bitcoin will likely drive the rest of the industry up too.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

Highlight: “We’re really optimistic on crypto and bitcoin this year,” @fundstrat’s Global Advisors Managing Partner & Head of Research Tom Lee says. “Whenever bitcoin breaks back into its 200 day, its average six-month gain is 197%.” pic.twitter.com/2tqzsuOV0m

— Yahoo Finance (@YahooFinance) February 4, 2020

Crypto CEO: Bitcoin Will Hit Record High of $30,000 in 2020 for This Reason

https://cointelegraph.com/news/bitcoin-price-may-hit-27k-all-time-high-by-summer-predicts-tom-lee

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Crypto trader and market analyst Lark Davis is looking to the past to see if Bitcoin could hit six figures this year.

Davis says that the current BTC price action is reminiscent of Ethereum’s 2017 bull run.

“Is there precedent for an asset having a massive run up, then a long brutal corrective period followed by a spectacular blow off top later that year? Yes, of course.

Ethereum did almost [exactly] that in 2017, ended the year 237% higher than the ‘top’.”

In other trending Bitcoin News today: Ukraine Unveils Roadmap to Integrate Cryptocurrencies by 2024

Government and business representatives have produced a roadmap to transform Ukraine into a leader in cryptocurrency integration. The authors of the new strategy want to see half of Ukrainians using digital currencies by 2024. The East European nation is expected to regulate its crypto space by the end of this year.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

https://news.bitcoin.com/ukraine-unveils-roadmap-to-integrate-cryptocurrencies-by-2024/

https://cointelegraph.com/news/bitcoin-traders-watch-32k-ahead-of-friday-s-330m-btc-options-expiry

https://cointelegraph.com/news/3-reasons-why-traders-think-bitcoin-price-bottomed-at-29-500

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The TRON (TRX) network showed statistics out of the ballpark in comparison to Ethereum and EOS.

A study conducted by AnChain shows there is overwhelming bot activity on the TRON network, made possible by the very protocol for producing TRON blocks through Super Delegates.

New analysis shows that the reported activity of TRON distributed apps may be the result of deliberately deployed bots.

“Analyzing the Top 10 gambling Tron DApp transactions in Q1 2019, we have determined that blockchain bots contribute to 30.7% of unique accounts and 19.3% of transactions,” the team discovered.

In other Crypto news:

Bulls push the Bitcoin Price to a 2-Week High, is $9,700 Next?

Are Altcoins ready to explode?!

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

News Resources From Today’s Show:

TRON (TRX) is Overrun With DApp Bots, Research Shows

https://cointelegraph.com/news/bulls-push-bitcoin-price-to-a-2-week-high-is-9-700-next