After taking an extended break from forecasting, Fundstrat co-founder and head of research Tom Lee is back with a new Bitcoin prediction.

Lee told MarketWatch that investors’ appetite for Bitcoin has returned, and if a couple things fall into place, BTC could hit $10K by the end of the year.

“Risk appetite is positive for Bitcoin. If the S&P 500 made a 2.5 standard deviation move [as it has done year-to-date] and investors are looking for volatility, that’s building a base case for Bitcoin.”

Currently Bitcoin is up 38% year-to-date, topping $5,000 from $3,700 in January, outperforming the Nasdaq 100 and the S&P 500.

Early last year, Lee predicted BTC would return to $20,000 by the end of 2018, a number he later adjusted to $15,000.

Right now, the crypto markets are mixed. Bitcoin is down 0.13% at $5,078. Ethereum is up 0.51% at $163.87, and XRP is down 0.35% at $0.3255.

Source: Coin360

Technical analysts are watching for a potential downside push below $5,000 for Bitcoin, and identifying support levels for Ethereum, XRP and Litecoin.

Bitcoin

NewsBTCUptrend intact and dips remain attractive to Buyers

TG.PressBTC has high probability of returning to $4,500 before bullish rally

Ethereum

CryptoGlobeEthereum price to move soon after holding steady: MACD indicator

NewsBTCETH price approaching significant support

XRP

BloktBearish divergences preceded price drops in XRP

CryptoGlobeLong term, bears not expected to pull price below $0.25

Litecoin

FXStreetBounce is expected, but will it sustain?

Crypto DailyTechnical support expected around the $72.10 / $67.17 / $65.60 levels

 

This article was first seen on the Daily Hodl and can be found here: https://dailyhodl.com/2019/04/14/wall-street-analyst-bitcoin-targeting-10k-this-year-btc-xrp-ethereum-litecoin-forecast/