Bitcoin price prediction; Tom Lee broke his silence!

Bitcoin price prediction; Tom Lee broke his silence!
Abstract

Thomas Lee, Founder Founder, who has been known for Bitcoin price forecasts and a deep understanding of Bitcoin's market, spoke about the relationship between emerging markets and Bitcoin price on Twitter. According to his words, Bitcoin will have to pay $ 10-20 thousand to get other assets. Tom Lee said

20 12 2019

Thomas Lee, Founder Founder, who has been known for Bitcoin price forecasts and a deep understanding of Bitcoin's market, spoke about the relationship between emerging markets and Bitcoin price on Twitter. According to his words, Bitcoin will have to pay $ 10-20 thousand to get other assets. Tom Lee said

Earlier this year, we pointed out that macroeconomic factors such as rising risky assets and the stopping of dollar appreciation led to the growth of bitcoin. The graphs show that in 2018, emerging assets of EM could lower Bitcoin. By the end of 2018 Bitcoin tried hard to raise his price, but eventually surrendered.
According to Tom Lee, the bitcoin price has risen as a result of the rising trend of risky assets and the lack of dollar appreciation. If the value of the dollar increases, the ratio of the bitcoin to the dollar or, in other words, the BTC / USD pair will decrease. Tom also spoke about the relationship between Emerging Assets or Emo's and the price of Bitcoin.

Lee acknowledged that EM lowered the Bitcoin price and left the divergence to remain high. However, EM surrendered and eventually crossed the price.

Tom Lee's tweets about EM and the bitcoin price represent the relationship between the two. With this assumption, since the EM is higher than the bitcoin price and bullish, that means Bitcoin is on the upside.

The main question is how much bitcoin should be upside down to reach the massive assets? The S & P 500 Index plus the low market value since December 24th is more than the standard deviation of 2. Standard deviation for Bitcoin is 185% higher. Getting to the top assets requires a bitcoin price of $ 10-20 thousand.

In addition, the standard deviation of S & P 500 is more than 2, but the standard deviation of bitcoin is 0.26. The standard deviation provided for calculating the Z score has been used to help compare the upside of assets and the prediction of the bitcoin price. In addition, the calculation of the standard deviation and score was made between December 24, 2018 and January 19, 2019.

According to his words, Bitcoin would have to pump approximately 185% of the pomp to achieve its ideal standard deviation. In this case, if this uptrend is maintained and the standard deviation reaches 2.04, the bitcoin price will reach $ 19,635. If the Russell index trend is maintained and the standard deviation reaches 2.16, the bitcoin price will be $ 20,448.



Source: ambcrypto

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