The crypto market will rise on new healthy dynamics in 2020, commented Thomas Lee, founder of the Fundstrat analytical company. The January price rally shows a return to more active trading with new possibilities for digital assets.
Halving Not Priced In, Says Tom Lee
Lee believes BTC may be in for a bigger rally, as the halving of the block reward is not yet priced in. This new narrative goes counter to the idea that 2019 trading already discounted the halving news.
The improved performance of crypto in 2020 is evidence that a better and healthier dynamic is underway this year. In our view, three positive convergences are acting as tailwinds for #bitcoin and other #crypto in 2020 https://t.co/CcmLtr7M8i
— Thomas Lee (@fundstrat) January 15, 2020
Fundstrat, which produces regular reports on sentiment and trading opportunities, has…
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