Wall Street expert Tom Lee is firmly bullish: Bitcoin will rise to $150,000 in the second half of the year
- WBOYOriginal
- 2024-07-02 15:43:11512browse
- Wall Street is bullish on Bitcoin: Fundstrat predicts Bitcoin will climb to $150,000 this year.
- Short-term downturn: Analysts note that the third quarter is typically a poorer period for Bitcoin.
Q2 Review
- Bitcoin underperforms: Down more than 11%, struggling at the $60,000 level.
- Ethereum outperforms: Boosted by ETFs, but still down around 5%.
- Other cryptocurrencies are down: Solana is down 30%, Ripple is down 23%, and Dogecoin is down 42%.
Prospects after Mt.Gox reimbursement
- Fundstrat expected rebound: Bitcoin will post strong performance after Mt.Gox repayment.
- Price target $150,000: Over 137% upside from current price.
Q3 Outlook
- 10X Research predicts decline: Bitcoin has entered a downtrend and could fall to $55,000.
- Seasonality: The third quarter is typically Bitcoin’s weakest quarter.
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