Tom Lee, head of research at Fundstrat, known as “Wall Street's Big Bull”, made a new bullish prediction for Bitcoin.
Participating in CNBC's “Last Call” program, Tom Lee said that the Bitcoin price will reach $ 82,000 in the near term.
Stating that the long-term target of $ 150,000 for BTC, that is, for the end of 2024, the famous analyst said:
“As Bitcoin approaches its all-time high, I think BTC is likely to make a turn towards the long-term trend line at $82,000 in the short term and continue to move towards that level.
Afterwards, in the long term, I believe Bitcoin could potentially reach $150,000 by the end of 2024.
As a result, Bitcoin will probably hit $82,000 soon and $150,000 before the end of the year.”
While the recent rally that took Bitcoin's price to near $69,000 implies a resurgence driven by several factors, including significant BTC ETF inflows and the anticipation of the upcoming Bitcoin halving event in April, Tom Lee's prediction is that Bitcoin's ongoing bull market It is characterized by its phase and appears to be compatible with the current situation in the market.
"I think Bitcoin makes a beeline back towards its long-term trend line, which is probably $82,000 in the near term, $150,000 before year-end," says @fundstrat's Tom Lee as $BTC closes in on its all-time high. pic.twitter.com/g4p6VOTECx
— Last Call (@LastCallCNBC) March 5, 2024
*This is not investment advice.
