How Will a Higher Bitcoin Dominance Index Affect BTC Price?

Bitcoin (BTC) had an excellent run in the first half of 2019 and looked like it could regain the highs that it had reached back in 2017. However, the month of July proved to be a reality check as the price of the token oscillated around $10,000. August started off in much better fashion as many investors got into Bitcoin as a form of hedge against the global economic uncertainties. Key Analysis That being said, the cryptocurrency has not been able to regain the momentum that it had displayed in…

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Fundstrat Bitcoin Misery Index | Tom Lee Isn’t Concerned about BTC

Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating. Fundstrat Bitcoin Misery Index: BTC is at 39% On Monday, Tom Lee went against the Bitcoin bears, announcing that no, Bitcoin “isn’t broken,” even if it stays at the current price—which, at press time, is $7,120.73. He also said that Bitcoin is not…

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