RATE Group | Bitcoin bull Tom Lee says 2020 will be positive for BTC
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Bitcoin bull Tom Lee says 2020 will be positive for BTC

26 Jan Bitcoin bull Tom Lee says 2020 will be positive for BTC

Posted at 10:08h in Bitcoin News by

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  • Bitcoin will have a positive year, Fundstrat’s Tom Lee says.
  • BTC/USD needs to regain $8,450 to mitigate immediate bearish pressure.

Bitcoin (BTC) has lost nearly 6% of its value during recent seven days and hit the low of $8,217 on Friday. At the time of writing, BTC/USD is changing hands at $8,330 with the short-term recovery capped by SMA50 1-hour at $8,370. Bitcoin’s market share has settled at 66.2% after a short-loved dip below 66.00%.

Tom Lee is bullish about Bitcoin

The co-founder of Fundstrat, Tom Lee, confirmed his bullish stance on Bitcoin. Speaking in the interview with CNBC, he said that 2020 would be a great year for Bitcoin. Among the reasons that will drive the first cryptocurrency to new records, he mentioned the upcoming halving and Middle East tensions and geopolitical uncertainty, which is also good for Bitcoin.

Earlier this year, Tom Lee predicted a 100% growth of Bitcoin in 2020 as the current price does not reflect the effects of the…

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