NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Fundstrat: Bitcoin Fundamentals “Should” Turn Positive Over 2019

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

While 2018’s lethargic crypto market crawl has continued into early-2019, save for Friday’s sudden buy-side influx, analysts have begun to express optimism. Case in point, Fundstrat Global Advisors, a New York-headquartered investment advisory outfit, expressed why the outlook for Bitcoin and other cryptocurrencies could improve over 2019.

Fundstrat Expects Bitcoin Fundamentals To Improve

In a recent tweet outlining the premise of a company report, Thomas Lee, the co-founder of Fundstrat, expressed why cryptocurrencies’ prospects could move from “negative” to decidedly “positive” over the course of 2019. Lee & Co., who called fundamentals “convergence trends,” laid out a normal of macro, technical, fiat-to-crypto inflows, blockchain technology, and equity trends to back their analysis.

CRYPTO: we see 9 incremental improvements in the landscape that ultimately support higher prices.

See below… pic.twitter.com/7DSrfVjkoi

— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) February 8, 2019

Firstly, Fundstrat expects for the U.S. dollar to weaken over the coming months, thus catalyzing a potentially inverse trend in the Bitcoin price. The advisors also expect emerging market equities to outperform American stocks, bonds, and similar vehicles, again creating a likely positive environment for cryptocurrencies, which are often classified as “risk-on” and non-correlated assets.

This will all be underscored by Fundstrat’s belief that institutional investors, especially notable endowments, will continue to trickle in during 2019, especially due to developments in cryptocurrency custody and over-the-counter trading. Fundstrat’s research team also noted that an influx of consumer interest may be catalyzed by Binance’s recent addition of credit card purchasing capabilities, the Lightning Network’s achievement of “reaching critical mass,” and potential initial public offerings from Bitmain, Bitfury, and other crypto industry giants. And with all this in mind, it was concluded:

“We have detailed the trends of factors affecting crypto in 2019, ahd [there are] more positive than negative developments… Overall, the outlook for Bitcoin should improve over the course of 2019.”

This report comes just weeks after Lee took to Fox News‘ business segment to quip why $25,000 is a “fair valuation” for Bitcoin.

What About Bitcoin’s Technicals?

While Lee & Co. seem to be in the state of mind that the value proposition that cryptocurrencies pose will gain traction in 2019, from a technical standpoint, Fundstrat is more bearish than bullish.

According to a research note from the investment group’s Rob Sluymer, obtained by Bloomberg, the technical setup for altcoins is looking a tad dismal. As reported by NewsBTC on an earlier date, CryptoFX’s large-cap, mid-cap, and small-cap advance/decline indices are on track to retest their mid-December 2018 lows, especially due to their supposed “vulnerability to a pending breakdown.”

Sluymer, the head of technical research at Fundstrat, went on to paint a foreboding picture for Bitcoin. While he was hesitant to mention specific time frames in a bid to stay cohesive with company policy, the former RBC Managing Director stated that a price point to watch for BTC will be $3,100. In his eyes, if the cryptocurrency breaks under its Q4 lows at ~$3,150, a move to $2,270 wouldn’t be unlikely, as that would indicate that the market hasn’t found a long-term floor just yet.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Bulls Eye Next Big Move As Price Nears $118,000, New ATH In Sight?

Bitcoin is targeting the $118,000 level, reigniting bullish momentum and fueling speculation of a potential push toward a new all-time...

Godspower Owie 4 hours ago
MoneyGram Launches Stablecoin App to Reinvent Cross-Border Finance: Is Best Wallet Better?

MoneyGram Launches Stablecoin App to Reinvent Cross-Border Finance: Is Best Wallet Better?

MoneyGram is launching its own entry into the digital custody space with an app designed to hold both traditional fiat...

Aaron Walker 6 hours ago
hyperliquid hype hypeusd

Hyperliquid Hits New All-Time High: Will Momentum Push HYPE Into a Higher Range?

Hyperliquid’s native token, HYPE, extended its rally on Thursday, jumping over 8% to trade near $58.77. The move comes after...

James Halver 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

dogecoin_doge_dogeusd_5_optimized

Massive Dogecoin Upside? Analyst Eye 111% DOGE Breakout Despite Heavy Selling

James Halver 29 minutes ago
Bitcoin

Zeus Network Builds The Bridge: Connecting Bitcoin And Solana Ecosystems — Here’s How

Godspower Owie 1 hour ago
Bitcoin

Crypto Founder Says Bitcoin Price At $100,000 Is Cheap, Reveals Real Cycle Peak Value

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    5 hours ago
  • Биткойн отново на $117K след намаляване на лихвите – Отварят ли се вратите за покупки, докато Bitcoin Hyper ICO надхвърля $16,5M

    Биткойн отново на $117K след...

    7 hours ago
  • Етериум се насочва към 5 000 USD: 5...

    7 hours ago
  • Masívne pálenie tokenov pokračuje vo Wall Street Pepe

    Masívne pálenie tokenov pokračuje vo Wall Street Pepe...

    7 hours ago
  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    8 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.