Fundstrat’s Tom Lee has forecasted that Bitcoin’s charge will reach $ninety one,000 by way of March 2020, basing his prediction on a chart that shows Bitcoin’s (BTC) performances after beyond market dips, Forbes pronounced March 17.
The Forbes piece notes that due to the fact the chart is primarily based on a logarithmic scale in preference to the conventional linear-based totally graph, BTC’s highs and lows are not as awesome.
Lee has been predicting excessive fees for BTC due to the fact its fee became below $3,000. In July 2017 Lee had already stated that Bitcoin might hit $55,000 with the aid of 2022. greater recently, in January of this year, Lee stated that BTC would hit $25,000 by way of the give up of 2018.
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