Tom Lee Lowers Year-End Bitcoin Price Prediction of $25000 to $15000

[fitload]

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/

[Zed0X]

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.

[Alcor]

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.