Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Bitcoin (BTC)
  • News

Bitcoin (BTC) is Re-entering Bull Market with Recent Development –Thomas Lee

Solomon Odunayo January 29, 2020 2 min read
Whales Moved $1.5 Billion In BTC In A Series of Transactions. See the Destinations of the Crypto

Thomas Lee, the Managing Partner/ Head of Research at Fundstrat Global Advisors, has recently shared his opinion regarding Bitcoin price status. He opined that Bitcoin is starting to re-enter the bull market judging by the recent development.

Bitcoin (BTC), the largest cryptocurrency by market capitalization is now priced above $9,000 resistance level. The digital currency is beginning to indicate signs of lasting price resurgence. This is starting to boost the hope of many Bitcoin enthusiasts in the crypto sphere.


trade now

Thomas Lee Says Bitcoin is Essentially Re-entering Bull Market

Thomas Lee recently took to twitter to analyze the market trend of BTC. He pinpointed the movement of the first cryptocurrency back above its 200-day moving average on 27th January as an important development for a positive trend of the digital currency.

He averred that this is a favorable milestone that prepares cryptocurrency for great moments in 2020. He said it has always turned positive for BTC whenever such a development plays out. In conclusion, Lee opined that the development is essential in aiding Bitcoin into re-entering the bull market.

He said, “Bitcoin moved back above its 200-day moving average on 1/27… positive milestone and reinforcing 2020 shaping up to be great year for BTC – whenever BTC >200D, win-rate (6M forward) jumps to 80% and essentially “re-entering” bull market (>200D).”

Bitcoin moved back above its 200-day moving average on 1/27… positive milestone and reinforcing 2020 shaping up to be great year for $BTC #bitcoin

– whenever BTC >200D, win-rate (6M forward) jumps to 80% and essentially "re-entering" bull market (>200D)#BTD #bestasset2020 pic.twitter.com/YbpQYHpLaj

— Thomas Lee (@fundstrat) January 29, 2020

At the moment, the price of BTC is still stable above the $9,000 support level, which is very essential for the next trend of the digital currency.

At press time, BTC is trading at $9,380.98, with a 3.6% price uptrend in the last 24 hours. Bitcoin halving is fast approaching. The majority of the crypto pundits await BTC price overhauling, while some other pundits believe that the much-anticipated halving is already priced in.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Binance.US to Launch Staking Rewards for Cosmos (ATOM) and Algorand (ALGO)
Next: IOTA (MIOTA) to Be Listed on Bittrex Global Exchange

Related Stories

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,664.00
-0.27%
ethereum
Ethereum (ETH)
$1,660.41
1.26%
tether
Tether (USDT)
$1.00
0.13%
binancecoin
BNB (BNB)
$326.69
2.58%
usd-coin
USD Coin (USDC)
$1.00
-0.34%
ripple
XRP (XRP)
$0.411475
-0.95%
binance-usd
Binance USD (BUSD)
$1.00
-0.22%
cardano
Cardano (ADA)
$0.400566
1.19%
dogecoin
Dogecoin (DOGE)
$0.091847
-2.37%
polkadot
Polkadot (DOT)
$6.63
3.17%

Recent Posts

  • Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption

Categories

You may have missed

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%