Bitcoin Forum

Tom Lee of Fundstrat Global Advisors asserts that the bitcoin bear market is over and that the price crossing the 200 DMA is a bullish sign. He further asserts that bitcoin will hit $14,000 this year. On the other hand, crypto trader and personality Tone Vays believes the bear market is not over, and that new lows for the year are more likely than not, and has a target price of around $1,000.

https://ethereumworldnews.com/btc-10k-tom-lee-vs-tone-vays/

I doubt bitcoin will hit anywhere near $1,000 this year, but anything is possible.

Optimist vs Pessimist! This is interesting. I do not agree with the bear, but I disagree with the bull too in this case. In my opinion:

By June, Bitcoin value --> $6k
     Sept, Bitcoin value --> $7k
     Nov,  Bitcoin value --> $8.5k
     Dec,  Bitcoin value --> $10k

Am expecting Bitcoin value to rise organically through out this period.

2020 Halvening -> Bitcoin value --> $15k

This is my analysis and I am bullish about the future value of BTC. Hail to the king!

Yeah, I am also between these two camps, but if I had to choose one over the other, I'd pick Tom Lee. I just don't see a drop to $1,000. On the other hand, when the bull market cycle is happening, it tends to surpass even the highest expectations.

According to forecasts, everything is as usual. Bitcoin can go up to $ 14,000, or it can go down to $ 1,000. Moreover, both are quite likely. Therefore, there is nothing new in this for us.
The situation now is such that no one can say for sure what will happen to the cryptocurrency market in the near future. We see that lately the cryptocurrency has risen a bit in price and keeps at this level. Therefore, there is hope that the market will continue to grow.

And what makes you believe that in november BTC would be at 8.5k and not 3k or 9k? You are taking data out of nothing while Tom Lee is backing his decision with a market chart analysis.
Crypto market is full of not qualified "investors" that believe that cryptocurrencies would increase in price just because they exist.

1000$ is joke i guess.Miners what have access to cheapest source of energy has to pay around 3100$ to mine 1 btc
I don't think bitcoin will be lower than 4700$  last small correct has stop on 4900$
Trend is your friend trend has changed from bearish to bullish at 4200$
currently we are in accumulation phase around 5k level
I can agree with bullish predictions .New ATH will be around 50k
It is only 10k from now

I'm still doubtful about that speculation not because I'm underestimating the capability of bitcoin but I guess that's too much to predict for now. However, I'm not setting aside the things that happened when the bull run came in 2017. Things could change in an instance. We might have doubts but let's just try to look forward to a higher price of bitcoin.

both of these guys are the sides of the same coin!
they make outrageous claims about bitcoin price which has never been true and most of the times their statements look more like an exaggerated guess based on their emotions rather than a logical speculation based on analysis.
i would equally ignore both of them.
luckily for Tom Lee, this year (unlike last) he is at least predicting in the same direction that the market is going while Vays is going against the obvious market trend.

Tone Vays was perma-bull during 2018 and he turned bear literally at the beginning of 2019 lol.
Tom Lee is simply a permabull.
In any case the news have been nothing but bullish since the beginning of the year, if anything I would say we will still range but I don't believe a second about $1000 unless Bitcoin loses a shitload of dominance in the event.

Imo the most realistic scenario is to see the whole market range between 4k and 6k until the end of the year when it will slowly rise.

Only time will tell which one was right, but if I had to pick a side, I would go with Tom Lee. He was never able to predict the btc price, he always throws random numbers but never gets it right, but he always maintains a bullish stance on Bitcoin, and positivity is always good. Tone Vays, on the other hand, is always bearish, and 1k just sounds absolutely crazy even in a 'worst-case scenario'.

What analysis? where's the data, the TA, charts, to back up your claims? I don't see any analysis, all you did was write random price targets at random time frames.

Random numbers, followed by a cheerleader slogan is not analysis.

This is why you simply should just not listen to "technical analysts" in general. They're both different people, with both different knowledge levels, they both see different patterns, indicators, and stuff, and they both analyze stuff differently in general. Personally, I'll stick with the fundamentals as I personally think they matter a lot more, rather than spend time with charts(though no disrespect to TA-ers).

I'm not siding on anyone here since by doing that it would only cloud my judgement on the current situation of Bitcoin, for me Bitcoin is neither in a Bullish nor Bear market because right now I still consider it consolidating on a wider range compared to before. The only thing that would confirm Bitcoin going back to a bull run is when it has really started going back up above at 7,500$ at least which we are still far from. The only good thing I see is BTC has been picking up the face and going above slowly.

I will pench my tenth between the two camp that is the bearish and the bull, because it very difficult to make any decision in a volatile market such as bitcoin. If you become too confidence in the recent market you may make wrong prediction and if you allow you daught to cover your sense of hope it can lead to making depressed decision, so I will predict a slow market rise till 2020 when the big event will happen but to say bitcoin will fall back to $1000 it totally unacceptable to me.

I also strongly believe and believe that the bear market is not over, and I strongly believe that prices will rise again even higher this year.

I doubt it that bitcoin will hit $1,000 though the market is very volatile we might even see higher than that if this bear market isn't really over. Tom Lee's well known to be a bitcoin bull so expect his opinion about the market will always be positive as that.

We may not see the ending of this bear market for this time but don't think that it will take a little longer. I remember that when some 'experts' say that it isn't over or the market would go on low, opposite direction comes.

I follow Tone Vay's videos but I guess he is gonna be wrong on this. His focus is more on Technical analysis and seem to have ignored the numerous bullish cases for bitcoin, which I think will play more dominant role in the later part of the year. Tom Lee seem to be better on track,I will place my bet on him

These analysts are unbelievable.

Tone Vays Believes Bitcoin Will Tip the Scales to $6,000 in Coming Days (https://beincrypto.com/tone-vays-believes-bitcoin-will-tip-the-scales-to-6000-in-coming-days/)

Tone Vays: Correctly predicted breakout above $5,000, but says lower lows are to be expected (https://coincodex.com/article/3392/top-bitcoin-price-predictions-from-march-2019/)

he said:

we still have many months left for the end of year and that means we will still see them change these forecasts several times.

It's always a battle of movement on either sides, and one is always better than the other depending on how the market would turn out. Anyway, knowing that we held $3000 strongly despite the valiant efforts of the bears, I don't think we will be seeing $1000 anytime sooner even if the breakout towards $6000 failed. There's just a lot of pressure from the buying side recently and I don't think the selling orders will be able to overwhelm the bulls for the next few weeks to come.

Yes, there is subjectivity within technical analysis, as technical analysts may see different patterns according to their methodology. But technical analysis has merit insofar as it can predict short-term movements if enough people view the charts similarly. The problem is when technical analysts make medium to long-term predictions - then obviously fundamentals may hold more sway.

you have to be extremely stupid to think that the bear market is not yet over the same way that you would have been stupid if you thought the bull market by the end of 2017 and start of 2018 was not over at that time.
trends like these end at some point and after more than a year of dropping and nearly 85% drop from the ATH, the bear market has been over for more than a month at least. and right now we are transitioning into a bull market which has not yet started.

I know Tom Lee but I don't know this bearish guy.
You can tell already, I don't read a lot of bearish predictions and analysis, as I am more interested on the bull market.
Tom Lee is popular but I don't take much his words seriously because not most of it happened.

Of course everyone wanted to hear a bullish predictions so I'm going with Tom Lee here.  ;D.

I don't think that we are going to see $1k or need to go on final capitulation before seeing the price goes up and at least hit 5 digits again.

All the bullish sign are already here, we have broken a lot of resistance since the all low time low. So I doubt that $1k is within the realm, so to speak.

Thats true that majority wants bull because all of those who invest came here for the profit , thats the the reason why they love to hear such bullish predictions but keep in mind that there are also people that loves  the bear because the bear is the only way for them to invest more  .


Some says that the value can come down first before it will increase and pump . i guess that was true because like i said earlier , theres some people that are attracted on the dip  .  they can buy bigger volumes when the price dump and thats the reason why it can trigger a massive pump


Indeed   but its not just a sign  but i think the bull did already happen before ever since we hit the 3k+ usd mark  .

I am not sure in what basis your declaring this statement its really looking interesting still i am thinking in positive way if it is true there wiil be real good benefit for holders like me . But there is a chance of reaching 1000$ also we should neglect that also . MArket mostly controlled by whales they might exactly know or already decided what has to be happen in future.