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Fundstrat Global Advisors Chief Investment Officer Tom Lee confidently predicted in a forecast that Bitcoin will close “well above $100,000” before the end of 2024.
Speaking on CNBC, Lee touched on the growing momentum in the cryptocurrency market despite recent price hesitations around six-figure figures.
Lee pointed to the limited supply of Bitcoin on over-the-counter exchanges as a key factor driving this potential surge. He suggested that the limited supply could lead to a “big chase” as prices rise, creating further upward pressure. While he acknowledged that the psychological resistance is at $100,000, he said he was optimistic that Bitcoin could break out decisively in the next four weeks.
Related News: <a href="https://en.bitcoinsistemi.com/why-has-the-bitcoin-price-never-surpassed-100000-heres-an-analysts-view/" target="_blank" rel="noopener noreferrer nofollow">Why Has The Bitcoin Price Never Surpassed $100,000? Here's an Analyst's View</a>
That bullish sentiment also aligns with Lee’s broader outlook for financial markets. Lee also predicted a year-end rally for the S&amp;P 500, potentially reaching 6,300 points. Lee cited favorable seasonality, falling bond yields, contrarian market sentiment and supportive fiscal and monetary policies as driving factors.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/will-bitcoin-btc-price-break-100000-before-the-year-ends-heres-bullish-oracle-tom-lees-latest-insights/" rel="noopener noreferrer nofollow">Will Bitcoin (BTC) Price Break $100,000 Before the Year Ends? Here’s Bullish Oracle Tom Lee’s Latest Insights</a>

Will Bitcoin (BTC) Price Break $100,000 Before the Year Ends? Here’s Bullish Oracle Tom Lee’s Latest Insights

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