Bitcoin [BTC]: Tom Lee predicts three possible scenarios for Bitcoin’s price if it catches a macro tailwind

in btc •  6 years ago 

CRYPTO (1/2): earlier this year, we noted the “macro” factors such as rally in risk assets plus USD no longer surging are tailwinds 4 $BTC #bitcoin
Chart shows EM in 2018 pulled down $BTC. Notice especially how #bitcoin tried to diverge in late 2018 but ultimately succumbed”
According to Tom Lee, the price of Bitcoin was facing tailwinds from rallies in risk assets as well as the US Dollar not surging. If the USD surges, the ratio of BTC/USD pair would be reduced. Tom Lee also elaborated on the relationship between emerging assets [EM] and the price of Bitcoin.
Lee implied that EM pulled the price of Bitcoin down, causing the divergence in the chart attached above. However, EM succumbed and finally crossed the price.

Tom Lee’s tweets on EM and Bitcoin price suggest a correlation between the two. From the assumption, since the EM is above the price and rising, this suggests that Bitcoin is bullish and is facing tailwind.
Lee implied that EM pulled the price of Bitcoin down, causing the divergence in the chart attached above. However, EM succumbed and finally crossed the price.

Tom Lee’s tweets on EM and Bitcoin price suggest a correlation between the two. From the assumption, since the EM is above the price and rising, this suggests that Bitcoin is bullish and is facing tailwind.

btc tomlee bitcoin
6 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    3 votes
    2
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  6 years ago 

    Source
    Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.

    Spam is discouraged by the community, and may result in action from the cheetah bot.

    More information and tips on sharing content.

    If you believe this comment is in error, please contact us in #disputes on Discord

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $1.15
    • Past Payouts $1.15
    • - Author $0.87
    • - Curators $0.28
    11 votes
    [-]
      ·  6 years ago 

    Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
    https://ambcrypto.com/bitcoin-btc-tom-lee-predicts-three-possible-scenarios-for-bitcoins-price-if-it-catches-a-macro-tailwind/

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00