Tom Lee on Bitcoin: ‘Fair Value’ Is ‘A Lot Higher Than Where It Is Today’
More news latest update on Cryptocurrency trading & crypto trading signal on Telegram visit below given telegram channel Visit - https://t.me/btctradingclub On Friday (February 8th), Thomas Lee, a Managing Partner and head of research at independent research boutique Fundstrat Global Advisors, delivered his firm's outlook on the crypto market in 2019. A day earlier, Bloomberg had reported on a research note by Robert Sluymer, a Managing Director and Technical Strategist at Fundstrat. In this note, Sluymer had written: “The price structure for most cryptocurrencies remains weak and appears vulnerable to a pending breakdown to lower low." Furthermore, he had said that for Bitcoin (BTC) the key support level to watch was $3,100: "A break below the fourth-quarter lows at $3,100 would imply a decline to $2,270, while a move above $4,200 is needed to signal Bitcoin is beginning to improve." Unfortunately, this got misreported in some news outlets, w...