Tom Lee, head of research at FundStrat, has made a bullish Bitcoin price prediction for 2024, forecasting that the cryptocurrency will surpass its previous all-time high and reach $150,000.<\/p>\n\n\n\n
Lee shared his optimistic outlook during an appearance on CNBC\u2019s Squawk Box on Feb. 21, expressing confidence in Bitcoin’s potential to achieve significant gains this year.<\/p>\n\n\n\n
He attributed his bold price projection to three main factors: the increasing demand fueled by new ETFs, the decreasing supply due to the halving event, and the supportive impact of expected monetary policy easing on risk assets.<\/p>\n\n\n\n
Despite Bitcoin encountering resistance at $52,000 after a recent 30% rally, Lee remained optimistic, asserting that Bitcoin has demonstrated resilience and dismissing the likelihood of an imminent downturn.<\/p>\n\n\n\n
Lee emphasized Bitcoin’s role as sound money and highlighted its track record as a store of value, a risk asset, and a highly secure technology, contrasting it favorably with traditional banking systems.<\/p>\n\n\n\n
As a long-time Bitcoin bull, Lee has previously predicted even higher price targets for the cryptocurrency, envisioning it reaching $200,000 in the coming years.<\/p>\n\n\n\n
In terms of technical analysis, the cryptocurrency market is currently facing major support zones, particularly at $49,000, with potential further declines if this level is breached.<\/p>\n\n\n\n
At the time of writing, Bitcoin was trading slightly down at $51,507, remaining within a range-bound channel formed over the past week. While the overall crypto market capitalization exceeds $2 trillion, major assets like Ethereum, Solana, Ripple, and Cardano have experienced minor declines, with Binance Coin being the exception, showing gains.<\/p>","protected":false},"excerpt":{"rendered":"
Tom Lee, head of research at FundStrat, has made a bullish Bitcoin price prediction for 2024, forecasting that the cryptocurrency will surpass its previous all-time high and reach $150,000.<\/p>","protected":false},"author":1,"featured_media":4500,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[50,44],"class_list":["post-4499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-blockchain"],"_links":{"self":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/comments?post=4499"}],"version-history":[{"count":1,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4499\/revisions"}],"predecessor-version":[{"id":4501,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/posts\/4499\/revisions\/4501"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media\/4500"}],"wp:attachment":[{"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/media?parent=4499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/categories?post=4499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoneblock.hr\/hr\/wp-json\/wp\/v2\/tags?post=4499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}