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Fundstrat Co-Founder Gives His Predictions for the Future of Bitcoin

Fundstrat’s Tom Lee has just made an argument that a strong macro outlook will provide the ‘tailwinds’ for the next bitcoin bull run. The co-founder of Fundstrat Global Advisors recently sat down with CNBC on their Fast Money segment this week. Lee started saying that investors buy into bitcoin to hedge macro risks, viewing the asset as a safe-haven asset for a type of digital gold. But in reality, his view is that investors will start buying into crypto when they feel optimistic in regards to the wider economy. Geopolitics and industry and traditional markets are booming. “Bitcoin has stalled...

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Why Bitcoin (BTC) Could Crash Below $10,000 Anytime Now

Bitcoin (BTC) could decline below $10,000 any time now. This is not matter of if it will happen but when it will happen. We have seen BTC/USD face a strong rejection at the 38.2% fib retracement level. As long as the price remains below this level, the probability of a fall below $10,000 remains very high. Such moves are usually expected around the weekend and it would not be surprising to see something like that happen this weekend as well especially if Bitcoin (BTC) ends up closing the day below the 38.2% fib retracement level. We predicted a move to...

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BitPay Suspends BTC Donations For Hong Kong Free Press - Is This The Right Move?

The Bitcoin payment processor, BitPay was recently rinsed by the Hong Kong Free Press after suddenly suspending donations to the news outlet. This accusation comes from the editor-in-chief Tom Grundy. During huge city-wide protests and clashes with mainland Chinese authorities, Grundy accused BitPay of putting a hold on donations to the Hong Kong Free Press. Through BitPay, the press organisation began accepted Bitcoin and Bitcoin Cash donations at the start of 2015 in order to help support non-profit news organisations. For those that don’t know, this is one of the few organisations in China not completely underneath the wrath of...

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Bobby Lee Can See Bitcoin Reaching Heights of $50k “Soon”

Over the course of this year, Bitcoin has had an interesting time. In the first quarter of the year, bitcoin was trying to recover from the lows of December 2018 but in June we saw something we hadn’t seen in a long time. The BTC price surged up to $13.9k but since then, 20 percent of the value has dropped, managing to lose the support of bulls after a rally from the lows of $3k.  Despite this loss in value since the early summer days, some analysts are still bullish. The founder of China’s first Bitcoin exchange and sibling to...

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Bitcoin (BTC) All Set For Another Downtrend

Bitcoin (BTC) has finally made that move to the upside. Some traders are eyeing further upside from here and it is still possible that the price might rally towards $10,500 from here. However, that would be a very risky bet to make as the risk reward is definitely not worth it. If we take a look at the fractal before the present one, we can see that the price is declining in the same manner as it did before. It has now found support along a key trend line in the same manner. This trend line stands between temporary bullishness...

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