Bitcoin Price Likely to Breakout Alongside S&P 500, Says Tom Lee

Bitcoin has proven to have a low correlation with traditional markets recently. Fortunately, stock market could add to the overall confidence of investors, and that might be a boost for the Bitcoin.

Thomas Lee, Head of Research at Fundstrat tweeted that the S & P 500 index might break out to the upside, suggesting that U.S stock market will update its record peak again. 

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