“Bitcoin is now trading at a level that it’s only seen 3% of its historical days,” he said. “If you go back to every milestone that that was achieved, bitcoin subsequently rallied somewhere between 200% to 400% within the next four months, so I think if that’s playing out this time that means bitcoin could be $20,000 to $40,000 sometime in the fourth quarter.”
source
To get there, Lee mentioned that the cryptocurrency would need to surpass the $13,400 level that has proven to be a level of resistance this year. Doing so could signal the eventual rally to his year-end prediction. However, Lee made it clear that while Facebook’s Libra would be a strong onramp for more people around the world getting comfortable with digital currencies, he doesn’t see it as a necessity to hit new highs.
“In a world without Libra, is crypto going to be successful? Absolutely. So I don’t think it changes the longterm outlook for bitcoin,” Lee said. Please Read More Here
Trump giving free publicity to bitcoin hahah without taking any fees lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
😆😆
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit