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The Founder Of Fundstrat Believes That Bitcoin Has Sent A Major Buy Signal
Summary: Tom Lee, the founder of securities research company Fundstrat Global Advisors and former chief equity strategist at JPMorgan Chase, said in an interview with CNBC that Bitcoin has issued a major buy signal. Earlier Monday, Bitcoin exceeded $46K for the first time since May 17, l successfully broke through the 200-day moving average of $44,982 ...
Tom Lee, the founder of securities research company Fundstrat Global Advisors and former chief equity strategist at JPMorgan Chase, said in an interview with CNBC that Bitcoin has issued a major buy signal.
Earlier Monday, Bitcoin exceeded $46K for the first time since May 17, l successfully broke through the 200-day moving average of $44,982 at that time.
Lee believes that this may be the best time to buy Bitcoin, said: "You always buy Bitcoin when it breaks above its 200-day moving average."
Lee claimed that Bitcoin has successfully fended off regulatory and legislative attacks from China and the United States, and his previous prediction that Bitcoin will reach $100K by the end of this year is "very reasonable".
By Mary Liu
Tags: Bitcoin,Tom Lee
Link: The Founder Of Fundstrat Believes That Bitcoin Has Sent A Major Buy Signal [Copy]
