Tom Lee, from Fundstrat Global Advisers has predicted the price of Bitcoin will be $91,000 in March 2020. He is basing his prediction on the chart below. The chart shows the performance of Bitcoin after past market corrections similar to the one we are in now.
Lee has used the average percentage gained in Bitcoin price after each dip to arrive at the his price prediction. Lee also compared the recent decline to the the decline of 2013. The 2013 decline was followed by a rally of more than 55,000%.
New to crypto? Join Coinbase with my link to get $10 of free bitcoin when you buy or sell $100 worth of Bitcoin.
https://www.coinbase.com/join/59b33aa1aebae700f22d7ebe
Legal Disclaimer:
I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs.
