Bitcoin Could Hit $150K In H2 2024, Predicts Top Wall Street Strategist After 'One Of The Biggest Overhangs' Disappears In July
Portfolio Pulse from Aniket Verma
Tom Lee of Fundstrat Global Advisors predicts Bitcoin could hit $150,000 in H2 2024, despite current volatility and the impact of Mt. Gox's $9 billion coin disbursement. Lee believes the market will rebound sharply after July.
July 03, 2024 | 5:54 am
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Tom Lee predicts Bitcoin could reach $150,000 in H2 2024, despite current volatility and the impact of Mt. Gox's $9 billion coin disbursement. A sharp market rebound is expected after July.
Tom Lee's prediction is based on the anticipated completion of Mt. Gox's coin disbursement in July, which he believes will remove a significant market overhang and lead to a sharp rebound in Bitcoin prices in the second half of 2024.
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