Fundstrat’s Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why

Fundstrat Global Advisers is a finance market strategy firm well-known for making bullish predictions on cryptocurrency prices. Co-founder Thomas Lee posted the group’s predictions that the bitcoin price would reach up to $64,000 by the end of 2019, citing the future trajectory of Bitcoin mining infrastructure growth as an underlying cause. He also predicted $91,000

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PayPal CFO John Rainey Rejects Bitcoin as a Reliable Currency

PayPal CFO

Bitcoin price (BTC) is crashing instead of rallying: Bitcoin price has failed to generate gains for investors since Warren Buffett, and Bill Gates rejected the cryptocurrency markets two weeks ago. Bitcoin price lost almost $1,800 in the last two weeks. 

Several other industry experts are also refuting bitcoin’s potential to work as an alternate currency. They believe the higher level of volatility makes it difficult for the general public to use it as the medium of exchange.

Source Image: coinmarketcap.com

Bitcoin price crashed to the $8,000 level today. The New ...

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Alibaba Founder, Jack Ma, Calls Bitcoin (BTC) a Bubble

Alibaba

The Bitcoin (BTC) bubble theory has resurfaced again, as the founder of world’s largest e-commerce platform, Alibaba, just announced his views of the world’s first digital token. Jack Ma Yun, Alibaba Group’s founder and executive chairman, spoke in a forum on Wednesday and spoke highly of blockchain technology, but expressed his doubts about Bitcoin (BTC).

“There is no bubble for blockchain, but there’s a bitcoin bubble,” Ma said in a panel at the second World Intelligence Congress forum.

Ma said he has been researching blockchain for years and highly believes in its potential to ...

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Newsflash: Bitcoin Price Drops Below $8,000 as Bears Twist the Knife

The bitcoin price sank below $8,000 on Thursday for the for the first time since mid-April, further erasing the progress that the flagship cryptocurrency had made over the previous month. Bitcoin had traded near $8,300 for the majority of the day, but this support level began to falter heading into the early evening. At approximately … Continued

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Tom Lee Bitcoin Price Prediction Fail – Bitcoin Is Not Rallying As Expected

Bitcoin shows no growth

Bitcoin shows no growth: Bitcoin Price (BTC) hasn’t moved higher despite the Consensus Summit: Bitcoin price trades in the range of $8,300 today after briefly touching $8,800 level at the beginning of the week. The largest coin has posted losses in last two consecutive days. This downside move is contrary to analyst’s predictions who were expecting a strong rally amid the New York consensus summit.

Indeed, Tom Lee – who has predicted Bitcoin price to reach $25K by the end of this year – failed to predict the price movement during the consensus summit correctly.

...

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Bears Beware! Bitcoin Price Will Reach Record Highs This Year: Fmr. JPMorgan Trader

The bitcoin price entered another bearish trend this week after failing to pierce $10,000 earlier in the month. The flagship cryptocurrency now sits more than 58 percent below the all-time high it set in December, but one former JPMorgan trader remains confident that it will trade above $20,000 before the year is out. Danny Masters,

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Bitcoin News: Price Below $8,500; Jack Dorsey Talks BTC at Consensus 2018

Jack Dorsey on BTC

Bitcoin (BTC) has dropped below the $8,500 mark. This is significant news, and it’s likely Bitcoin bears are going to try to drag the currency below the $8,000 mark during the remainder of the week. Will it happen, though? Only time will tell, but we can look to various mediums to see if there is any specific Bitcoin news bringing the price down today, but what may help to turn it around for the coin is Jack Dorsey on BTC— his thoughts are very interesting.

Bitcoin (BTC) Daily Chart

Bitcoin (BTC) is currently selling for $8,325.74. ...

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Bullish Call: BitMEX Chief Predicts Bitcoin Price to Hit $50,000 in 2018

There are numerous bitcoin price predictions floating out there, but when the head of a major bitcoin derivatives exchange shares his forecast, the price prediction has legs. Arthur Hayes, the co-founder and CEO of Seychelles-based BitMEX, the bitcoin mercantile exchange, has a bullish prediction for the bitcoin price, which he believes will skyrocket to $50,000

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Is Bitcoin Safe? Renowned Investor Tim Draper Believes So

Is Bitcoin Safe

You may have asked the question: is Bitcoin safe? on multiple occasions. Should you really think to put your money into Bitcoin? Well, Tim Draper is an investor with renowned opinions about the cryptomarket. He is an avid believer in the positivities of crypto and his bullish position has earned him many followers and detractors. On multiple occasions, his predicted forecasts have proved successful despite adverse scenarios, and this is something to take into consideration.

A few years ago, Draper predicted that Bitcoin would increase by more than 10k, a figure that only a few believed ...

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Roger Ver Predicts Ethereum and Bitcoin Cash Will Outrun Bitcoin Soon

Roger Ver

Ethereum (ETH), and Bitcoin Cash could outplace Bitcoin (BTC) soon due to their superior technology and higher adaptations. Roger Ver – who has earned the moniker “Bitcoin Jesus” for his advocacy of Bitcoin from the early years, believes that Bitcoin could lose its leading position in the cryptocurrency sphere.

He says cryptocurrencies like Ethereum and Bitcoin Cash (BCH) have better technologies and are well positioned to generate substantial gains in the days to come.

Ethereum coins currently trade around $700 USD with the market capitalization of $69 billion. Its price and market cap is ...

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Cryptocurrency Market Sees $50 Billion Loss, Bitcoin Price and Tokens Down Significantly

The cryptocurrency market has declined by more than $50 billion over the past 24 hours, as the bitcoin price declined by more than 8 percent and other major cryptocurrencies along with tokens experienced an intensified movement on the downside. Bitcoin Price at $8,500 Over the past 24 hours, the bitcoin price has dropped by more … Continued

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Bitcoin Price Could Reach $64,000 in 2019: Fundstrat Analysis

The bitcoin price could reach $64,000 by the end of 2019, according to a new analysis of cryptocurrency mining economics. The study, conducted by Wall Street strategy firm Fundstrat Global Advisors, argues that that the ratio between the bitcoin price and miners’ breakeven cost (P/BE) has proven to be a “reliable long-term support level” for … Continued

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Tom Lee’s 70% BTC Upside Prediction; Is it a Fairy Tale?

Tom Lee Prediction

Bitcoin price (BTC) plummeted sharply in the last two days following Bill Gates and Warren Buffett’s criticism regarding the cryptocurrency markets. The largest coin traded at around the $9,000 level early today, down almost $1,000 from Sunday’s high of $9,900. Altcoins fell at a high mid-single-digit rate in the last two days, pulling the total cryptocurrency market capitalization to the lowest level in the last week. Despite this, another Tom Lee prediction has surfaced.

Bears are on top of the market as business icons have called cryptocurrency markets a “greater fool theory“. However, Tom Lee, managing ...

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Bloomberg, Billionaire Bull Novogratz Partner to Launch Cryptocurrency Price Index

One of bitcoin’s biggest bulls has inked a deal with an unlikely partner to create a cryptocurrency price index. Billionaire Mike Novogratz and Bloomberg LP on Wednesday announced that they are teaming up to launch the Bloomberg Galaxy Crypto Index (BGCI), which will track the aggregate performance of a basket of large-cap cryptocurrencies. “Today’s launch

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Bitcoin Price Decline Driven by Q4 Futures Launch, Fed Researchers Claim

Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San Francisco — claim in a … Continued

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Coinmarketcap Eliminates Bitcoin.com From Its Bitcoin Page

Bitcoin.com Controversy

Bitcoin.com Controversy: Bitcoin Cash has taken things a little too far on its crusade to promote itself, A strategy that has led the ecosystem to a polarization never seen before in the history of the blockchain. While the relationship between ETC advocates and ETH could be described as controversial — two communities whose philosophies are radically different and are critical of each other — the relationship between BTC and its fork BCH is worse and now the lack of seriousness from camp BCH in their strategies has reached a limit.

In recent weeks, the actions of ...

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The New York Stock Exchange Has its Eyes on Trading Bitcoin (BTC)

New York Stock Exchange

Warren Buffet may still dislike Bitcoin (BTC), but many other big names on Wall Street seem to be warming up to the digital currency.  The Intercontinental Exchange (ICE), the parent company to the New York Stock Exchange (NYSE), has been working on an online trading platform that gives institutional investors access to buy and hold BTC.

The New York Times reported late Monday that the plans are still ‘confidential’ and the four individuals that briefed the publication on the matter asked to remain anonymous. This news broke following Goldman Sachs’ grand announcement to be the first ...

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Bitcoin Expert Says: 2018 Drop Was ‘Normal,’ – New Highs Will Follow

Bitcoin Expert

The bitcoin expert and senior market analyst at eToro, Mati Greenspan, explained that Bitcoin’s behavior is completely normal and that after reaching historical highs of around 20k a drop like the one seen during the first quarter of 2018 was to be expected.

In an interview for The Express Mr. Greenspan mentioned that technical analysis better explains the reasons for the fall in Bitcoin prices than fundamental analysis.

“I believe that more than fear of regulation that decline from the 20,000 peak was more of just a normal retracement.”

Mr. Greenspan is ...

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