The head of research at the New York-based market research firm predicts that based on historical trading patterns, the bitcoin price could reach $91,000 by March 28, 2020. To illustrate his point, Lee and his team have developed a robust database on bitcoin comprised of charts and graphs that identify trends for the top digital coin over both the short- and long-
For instance, Fundstrat’s bitcoin misery index, a contrarian barometer that debuted earlier this month, is at 18, its lowest point since 2011, which is a bullish sign for the future price of bitcoin.
Fundstrat’s Lee isn’t deterred by bitcoin’s 70% decline, saying instead that bitcoin remains in a “bull market phase.” In fact, it’s not the first time the bitcoin price has shed this much or more. Similar losses occurred over stretches in 2011 and again in 2013 and could actually be a harbinger of profits. i hope this post is good
