Analytics / Forex and Crypto News
Fundstrat analyst Tom Lee believes that Bitcoin has embarked on a steady growth path. He outlined his position on Twitter and emphasized that 2020 will be very successful for bitcoin.
Earlier, he noted the great importance of reducing the award of bitcoin miners in May of this year (halving).
According to his forecasts, after this event, BTC will rapidly strengthen over several months. The profit on investment in Bitcoin is 26% now. This asset is already considered by many players as the best form of hedging risk.
Tom Lee is known for his optimistic predictions regarding the prospects of Bitcoin. In May 2019 he said that BTC would never again drop below $6,000.
Today Bitcoin is trading at $9,381. Now the coin is struggling with resistance, which is increasing as it approaches the $9,400 mark. Having broken it, BTC will be able to rise above $9,500 and even approach $10,000, many traders say.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov