The co-founder and head of research at Fundstrat Global Advisors reveals his downward price objective for Bitcoin (BTC) before the end of the month.
In a new one interview On the YouTube channel of Risk Reversal Media, Tom Lee warns from Fundstrat investors that the best crypto assets from Market Cap and other top altcoins are not immune to market turbulence.
According to Lee, the Digital Activum flagship could lose around 34% of its value at the end of March. Although Lee is BTC in the short term on BTC, he believes that the big picture is still bullish for the crypto king.
“The work of our technical strategist Mark Newton [shows] Solana, Ethereum and Bitcoin all have disadvantages. He has been Bearish since mid -January, so I think it is correct and his adhesive goal for Bitcoin is $ 62,000 at the end of March.
But is $ 62,000 a reason for me to become Bitcoin Bitcoin? I mean, if you exchange it, yes, but Bitcoin was $ 100 10 years ago, so $ 60,000 is still a fantastic return and I think the usefulness of Bitcoin is still improving. It is still a risk of assets, so I don’t expect it to go well if the market is hit by rates.
It is not immune to that type of turbulence, but will confidence around Bitcoin grow in the next five years? Yes, and is it increasingly seen as a store of value such as gold? Yes, I think more and more often.
And is there room for many more people to possess it? Yes.
I am not really Bearish, but I think it is difficult to say that it should go up in the short term. “
Bitcoin acts for $ 93,287 at the time of writing, an increase of 9.4% during the last 24 hours.
https://www.youtube.com/watch?v=66V9S_IBQ6E
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