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After a prolonged break in the forecast, Fundstrat co-founder and chief research officer Tom Lee is back with a new Bitcoin prediction.
Lee told MarketWatch that investors' appetite for Bitcoin had returned and that if a few things came up, BTC could reach $ 10,000 by the end of the year.
"The appetite for risk is positive for Bitcoin. If the S & P 500 performs a standard 2.5 deviation [as it has done year-to-date] and investors are looking for volatility, which is a basic scenario for Bitcoin. "
Currently, Bitcoin is up 38 percent year-to-date to reach $ 5,000 versus $ 3,700 in January, outperforming the Nasdaq 100 and the S & P 500.
Returns 2019 …
Oil $ USO: + 38%
Bitcoin $ BTC: + 35%
Nasdaq 100 $ QQQ: + 21%
REIT $ VNQ: + 19%
MLP $ AMLP: + 18%
Lowercase $ IWM: + 18%
S & P 500 $ Spy: + 17%
EM $ EEM: + 14%
EAFE $ EPT: + 13%
Basic products $ DBC: + 13%
High efficiency $ HYG: + 9%
Investment grade $ LQD: + 6%
Obligations $ AGG: + 2%
Gold $ GLD: + 0.5%– Charlie Bilello (@charliebilello) April 13, 2019
Earlier last year, Lee predicted that BTC would return to $ 20,000 by the end of 2018, a figure he would then have adjusted to $ 15,000.
At present, crypto markets are mixed. Bitcoin is down 0.13% to $ 5,078. Ethereum is up 0.51% to $ 163.87 and the XRP down 0.35% to $ 0.3255.
Technical analysts monitor potential drops below $ 5,000 for Bitcoin and identify support levels for Ethereum, XRP and Litecoin.
Bitcoin
NewsBTC – Bullish trend remains intact and hollows remain attractive for buyers
TG.Press – BTC has a high probability of returning to $ 4,500 before a bullish rebound
Ethereum
CryptoGlobe – The price of Ethereum will evolve rapidly after being stabilized: MACD indicator
NewsBTC – ETH price close to significant support
XRP
Blokt – Bearish divergences preceded price declines in XRP
CryptoGlobe – In the long run, bears should not pull the price below $ 0.25
litecoin
FXStreet – We are waiting for a rebound, but will it last?
Crypto Daily – Technical assistance planned around the levels of $ 72.10 / $ 67.17 / $ 65.60
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