Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: fitload on November 17, 2018, 02:11:56 PM
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With the close of 2018 insight, Tom Lee, co-founder of Fundstrat Global Advisors and Wall Street’s crypto bull is betting on a recovery.
Tom Lee once targeted Bitcoin to reach $25000 by end 2018 is lowering his prediction to $15000. Bitcoin’s latest bearish run has led investors to see the worse sentiment of the crypto market.
Lee now says he believes Bitcoin will hit $15,000 by December 31st, down from his long-standing prediction of $25,000. He is basing his revised forecast on the amount of profit that Bitcoin miners, who validate transactions on the network, can currently make.
He states that;
“While bitcoin broke below that psychologically important $6,000, this has lead to a renewed wave of pessimism,” said Lee, J. P. Morgan’s former chief...
Read More: https://news.bitzamp.com/tom-lee-lowers-year-end-bitcoin-price-prediction-of-25000-to-15000/ (https://news.bitzamp.com/tom-lee-lowers-year-end-bitcoin-price-prediction-of-25000-to-15000/)
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I would be glad if it does reach the $15,000 price range. I personally think that it is still a bit high. The more realistic number is $10,000. We'll find out after a few more weeks.
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I would be glad if it does reach the $15,000 price range. I personally think that it is still a bit high. The more realistic number is $10,000. We'll find out after a few more weeks.
Of course, Bitcoin is unlikely to reach $ 15,000 by the end of the year. A price of $ 10,000 is more likely, but even this bitcoin price can be reached by him under very favorable circumstances.