Starting from yesterday, Bitcoin exceeded an important level of $ 4,000. The price of No. 1 cryptocurrency soared to 4,345 US dollars, and then slightly decreased and currently amounts to 4,187 US dollars.
Meanwhile, renowned analyst and founder of Fundstrat Global Advisors Tom Lee is confident that a bear market is a good opportunity to buy digital assets for long-term investors. Lee is still very optimistic about the cryptocurrency market, stating the following:
We can observe a correction that caused the Bitcoin price to fall below the 200-day EMA. But the price of the asset will rise. This will not happen in three months or a year, but in about two to three years. Because now is the golden time for crypto investors.
At the time of this writing, BTC / USD is maintained at $ 4,100 (SMA200 – 1 hour). If Bitcoin does not stand at this level, then the decline can continue to 4,000 US dollars. Cryptocurrency must be above this level in order to maintain a positive trend.
On the other hand, BTC must go beyond the zone of the cluster – $ 4,500 in order to rise to a level of $ 4,900 (SMA100, 4 hours) and the next important psychological barrier of $ 5,000.
And what do you think about this?
