The founder of Fundstrat Tom Li, has expressed the enthusiasm concerning fast restoration of the price of bitcoin from the moment of his falling last week.
Falling has happened on July 27, after refusal of the U.S. Securities and Exchange Commission in registration of Winklevoss Bitcoin ETF from brothers of Uinkelvoss. That day the price of bitcoin has dropped from $8300 to $7800, or more than by 6% for the three-hour period.
However 12 hours later after short calm, the price of bitcoin was restored from $7800 to $8250 within 50 minutes.
Tom Li considers that the ability of bitcoin not to notice an important event and to be restored quickly in the price, is sign of positive change in the cryptoforeign exchange market.
"The fact that the bitcoin has so quickly recovered after refusal of SEC on opening bitcoin-ETF of brothers Winklevoss indicates a technical maturity of the market. If something similar has happened in April-June when the bear trend reigned, consequences would be much worse, the market would endure more serious falling, than today" — Li has told.
We will remind, earlier the Pantera Capital fund has predicted growth of bitcoin to $21000 by the end of 2018 and up to $67500 to 2019.
@ keks. Capital fund manager Tom Lee. Best person to follow on CNBC.
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But now it's going down now🤔🤔🤔
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Based on market sentiment and positive news, the market is estimated to rise above here. If we do not possibly affect some whales market then we can expect to be good.
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