“The Big Bull of Wall Street” known as, said Tom Lee, head of research at Fundstrat. He made a new bullish prediction for Bitcoin.
Participating in CNBC’s “Last Call” program, Tom Lee said that the Bitcoin price will reach $ 82,000 in the near term.
BTCStating that the long-term target of $150,000 for the end of 2024 is still valid, the famous analyst said:
“As Bitcoin approaches its all-time high, I think BTC is likely to make a turn towards the long-term trend line at $82,000 in the short term and continue to move towards that level.
Afterwards, in the long term, I believe Bitcoin could potentially reach $150,000 by the end of 2024.
As a result, Bitcoin will probably hit $82,000 soon and $150,000 before the end of the year.”
The recent rally that took Bitcoin’s price to near $69,000 is a significant BTC This prediction by Tom Lee appears to be in line with the current situation in the market, characterized by Bitcoin’s ongoing bull market phase, while implying a resurgence due to several factors, including ETF inflows and the expectation of the upcoming Bitcoin halving event in April.
“I think Bitcoin makes a beeline back towards its long-term trend line, which is probably $82,000 in the near term, $150,000 before year-end,” says @fundstrat‘s Tom Lee as $BTC closes in on its all-time high. pic.twitter.com/g4p6VOTECx
— Last Call (@LastCallCNBC) March 5, 2024
*This is not investment advice.
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