The post Big Bull Predicts Bitcoin Surge To $82K Soon, $150K by 2024 appeared first on Coinpedia Fintech News

Renowned Wall Street figure Tom Lee, often known as the “Big Bull,” has made some striking forecasts for Bitcoin’s future. Lee’s forecast includes a short-term surge to $82,000 and a more ambitious climb to $150,000 by the end of 2024.

Lee’s Bold Bitcoin Predictions

In a recent interview with CNBC, Tom Lee, who serves as the Head of Research at Fundstrat, shared his optimistic perspective on Bitcoin’s trajectory. He believes Bitcoin will follow its long-term trend, hitting $82,000 soon and aiming for $150,000 in the coming years.

Lee’s optimistic outlook coincides with the current market sentiment, especially as Bitcoin edges closer to its previous all-time high. Despite experiencing a slight pullback, Lee’s predictions gain credibility amid Bitcoin’s resurging rally. 

Meanwhile, the cryptocurrency’s market cap has surpassed $1.3 trillion, driven by factors like increased Bitcoin ETF investments, anticipation of the upcoming halving, and growing investor interest.

BTC Leads In OI

Lee’s forecast isn’t just a prediction; it instills confidence, potentially paving the way for increased institutional interest and broader cryptocurrency adoption. 

According to data from CoinGlass, the CME Exchange leads in Bitcoin Open Interest, boasting a 5.90% surge from yesterday. This places it ahead of other platforms like Binance and Bybit.

Bitcoin Market Status

As of now, Bitcoin trades at around $66,849.99, marking a 1.44% increase. Moreover, its trading volume surged by 82.34% to $75.32 billion, with Bitcoin Futures Open Interest rising 6.27% to 485.87K BTC or $32.39 billion.

However, Lee’s bullish outlook goes beyond being a mere prediction. It catalyzes increased investor confidence, potentially opening the door to greater institutional inflows.

---

Filed under: Bitcoin - @ March 5, 2024 12:21 pm