A new type of buyer who “never sells” is scooping up Bitcoin from long-time holders — a bullish catalyst for BTC, says Bitcoin OG Udi Wertheimer in an exclusive Cointelegraph interview.
Tom Lee News
Thomas Lee co-founded Fundstrat — an independent research company. A Wall Street strategist who is well known for his positive attitude toward Bitcoin (BTC), Fundstrat’s Tom Lee has commented on Bitcoin’s price many times over the years, sometimes giving specific price expectations. The Bitcoin bull boasts stock market research expertise spanning decades. Lee put in 15 years of work at JPMorgan Chase before Fundstrat.
According to Tom Lee, Bitcoin is only profitable to buy and sell 10 days per year — otherwise, he advises to just buy and hold it. Tom Lee is active on Twitter and has appeared on CNBC many times.
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Fundstrat predicted a price range of $12,000 to $15,000 for Ether by the end of this year, as it has “plenty of upside.”
22637 - Market Update
Ether price action targets all-time highs amid excitement over BitMine's giant accumulation plan, shifting the focus away from rangebound Bitcoin.
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Bitcoin’s tight consolidation and Ether’s shallow pullback suggest a directional move could be around the corner.
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ETH rallied nearly 6% on Monday after BitMine disclosed a major purchase, raising the total value of its Ether holdings to more than $3 billion.
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With its stock trading below net asset value, BitMine has chosen to focus on buybacks instead of further growing its ETH reserve.
3021 - Market Analysis
ETH treasury buying and consistent spot ETF inflows have not been sufficient enough to send Ether price above $4,000. Is a correction incoming?
3741 - Price Analysis
Data shows Bitcoin is preparing for a sharp breakout from its range-bound action in the next few days.
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BitMine Immersion Technologies raised $250 million through a private placement to establish an Ethereum treasury, signaling a shift from its previous Bitcoin-centric approach.
9708 - Market Analysis
The U.S. dollar index reached its lowest levels in three weeks on Oct. 19, triggering a rising wedge pattern.
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Fundstrat’s Tom Lee predicts that the Bitcoin price can potentially double this year, giving five solid reasons to back it up.
15927 - Markets News
In his latest bullish price forecast, the Fundstrat co-founder told mainstream media that Bitcoin will take 40,000 before the Dow.
14679 - Markets News
In an interview with Yahoo! Finance, Lee suggested that technical achievements for BTC/USD paved the way for serious short-term gains.
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A combination of three critical factors is set to deliver significant gains for Bitcoin investors, predicts Fundstrat Global Advisors.
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Fundstrat’s Tom Lee believes Bitcoin and other cryptocurrencies will hit major price valuations in the same manner that the tech behemoths did.
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