Topic: Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee - page 3. (Read 602 times)

Ive like this guy much better than someone noisy guy who keep saying he would it is his dick if the price of bitcoin reach that impossible amount. I wont name that guy possibly everyone here knows him and he is the king of all shiller (paid ads to shill). Bitcoin experiencing the longest bear run could mean a lot and a possible break out on its current level isnt assured yet.

I like Tom Lee better when he is his bullish self, throwing predictions in the air from nowhere. Be careful, however. This time his predictions might be correct. The bear market must end somewhere hehehe.

Agreed, last year the fall itself stated as an beginning for a large scale price pumping. Beyond certain price drop people weren't able to digest the same. Users had a thought of bitcoin price to be above $5000 to be a standard value. To the expectation everything got crashed as most predictions. This time Tom has put forth his statement regarding a strong price pumping. Let's hope the best happens.

I mean, Tom Lee predicted $20,000 for the end or 2018, and failed miserably. It wasn't even anywhere close. If people still think these predictions are anywhere accurate at all, well that's beyond me. Almost everyone pretty much made ridiculous predictions last year.

And Tom Lee is back! I was starting to wonder where he went...

I guess he's trying to keep his clients happy and calm as they're probably getting a bit tired of waiting for the price to go up, so he decided to throw some random date backed with TA to make it look more "professional", but as we all know, at the end of the day, TA can't help you predict the next surge in the btc price.

He has such a bad record when it comes to btc predictions, let's see if he gets it right this time.

Tom Lee has been the cryptoworld's most jinxed guy after a lot of his predictions went the other way around of what he expected. Still, props to the dude for continuing his predictions even though he already made his name somewhat a laughing stock in the cryptoworld. Every time I see a bullish prediction from Tom Lee, I already think about the other way around as was always the case even on his previous predictions. I mean, it's okay to be a permabull but you need to have some sensible predictions on a multitude you give out.

If he's not right about it then I might count his prediction as a lucky shot, though I am not really into this prediction thing where people predicting prices. Since we are in a bearish trend why not trust some of them, there's nothing wrong if we just trust him, but if you guys are planning to invest just because of something like this, it is up to you to take that risk. I know cryptocurrency in really unpredictable.

Hope this prediction will be real in the summertime. Otherwise, we need to wait 6 months for the price in order to touch the resistance level and breaking it.  August is a good month for bitcoin and the latest fork of Bitcoin happened in the summer of 2017.

i thought he was done making predictions. say it ain't so, tom!

he's been the best contrarian indicator i've ever seen. i'm hesitant to stay too bearish for too long, but this prognostication from tom lee might have just delayed the bull market until at least december!

Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull market could return within six months.

In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn.

“I think the key number to watch is the 200-day moving average,” he told the network, continuing:

    “If Bitcoin holds above $4,000, it’ll cross its 200-day [moving average] by August, so I think the outside window is five to six months before Bitcoin starts to look technically like it’s back in a bull market.”

Referencing Bitcoin Cash’s (BCH) contentious hard fork in mid-November, Lee stated, “I think the damage that really needs to be repaired is that drop from $6,000 to $3,100,” adding:

    “I think it really undermined investor confidence and the dynamics around the market[.]”

As recently reported, Bitcoin had begun to deliver returns to investors through February, with average daily increases of around 0.5 percent. The number this month has shrunk, with daily numbers closer to 0.2 percent, leading some to think a fresh bear market downturn could be imminent.

Since peaking at all-time highs around $20,000 in December 2017, Bitcoin has seen the longest bear market in its history, with subsequent lows averaging just above $3,100.

In December, fellow market analyst Tone Vays sounded a more intense warning, forecasting BTC/USD to fall to near $1,000 before bearish sentiment definitively ends.


Reference: https://cointelegraph.com/news/bitcoin-price-breakout-scheduled-for-august-says-fundstrats-tom-lee