Founder Fundstrat Global Advisors, Tom Lee predicted that prices reach new highs criptomonedas 2020. Lee submitted his comments in an interview with & # 39; nd CNBC, April 28.
In an interview with & # 39; w, Lee predicted that Bitcoin (BTC) has not completed its movement up and is likely to reach new heights around 2020 based on the "11 signals that historically take place only in a bull market." Thus, Lee confirmed its previous forecast made earlier this month when he said that "it is likely to start a bull market."
Or said that three of the 11 characters -blockchain, technical indicators and a & # 39; volumes show the performance of operations, criptoinvierno come to an end. In January, a group of Li pointed out that on the & # 39; blockchain trading volumes turned positive year on year, while the second character & # 39; appeared in April, when BTC closed above its 200-day moving average.
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The third sign of the & # 39; trading volumes associated with OTC brokers, with & # 39 are "very important from the point of view of institutional investors sell criptomonedas». According to Lee, the level of activity on the basis of the number of customers increased by 60% to 70%.
"I think that they see signs that fundamentals are improving, getting better technically and now there is a real work in fact hodlers with criptomonedas. […] So I think, […] movement of 2.5 standard deviations for Bitcoin would lead to 14 000 US dollars. I'm not saying that there will be a go, but it is the degree of change that would be updated. "
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In early April, Lee said, «Bitcoin Misery Index" (BMI), which Lee designed to inform investors about how "miserable" The BTC owners based on the price and volatility of exchange rates has recently reached its highest level since June 2016, he I suggested that this may be a mixed signal, noting that "the important thing is that if the BMI reaches 67, a & # 39 is proof that the bear Bitcoin market is likely to end 3000" in US dollars.
In February Fundstrat criptomonedas began its outlook for 2019 describing the gradual improvements that are likely to support higher prices criptomonedas. Fundstrat noted that the general interest in cryptocurrency can be stimulated by the recent decision to support Binance CriptOS purchases with credit cards, as well as rumors that the big companies like Bitfury and Bitmain might consider making an initial public offering.
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