BOBBY LEE PREDICTS $2.5K BITCOIN PRICE BOTTOM AS 15-MONTH LOWS NEAR
BOBBY LEE PREDICTS $2.5K BITCOIN PRICE BOTTOM AS 15-MONTH LOWS NEAR-The Bitcoin charge may “bottom” at $2500 in January 2019, BTCC co-founder Bobby Lee has forecast in his newest prediction which many merchants already imagine too optimistic.
LEE: BITCOIN PRICE UNDER $2K ‘VERY SURPRISING’
On the again of an ongoing social media ballot involving nearly 5000 participants, Lee, who's fitting increasingly identified for his bullish charge predictions, stated “a lot of purchase orders and support” would hold Bitcoin above $2000.
“I’ll be very stunned if it ever hits $2,000 again,” he wrote December 8.
I suspect there should be much of purchase orders and aid at equally $3,000 and $2,500 mark. We will see!
Despite a earlier flurry of prophecies claiming the Bitcoin charge would opposite its bear market to attain large ranges earlier than the stop of the year, markets have thus far didn't do so.
HOW LOW IS LOW ENOUGH?
The earlier week has viewed the biggest cryptocurrency fall to new lows now not viewed considering September 2017, the brand new native ‘bottom’ performing Friday at $3220.
Now, attention is focusing on Bitcoin’s bear cycle having identical features to its earlier one, which Lee notes saw BTC/USD $3512.29 -0.52% drop 87 percentage from $1200 to $150 among December 2013 and January 2015.
“Now from Dec 2017 excessive of $20,000, going down 87% would take it to $2,500. So possibly backside out in Jan 2019?” he quizzed his audience.
Respondents seemed unconvinced. At press time, the preferable reply to the survey with 39 percentage of votes claimed that Bitcoin would fall additional and that this may final past subsequent month.
Through its brand new performance, the Bitcoin charge is on tips on how to mimicking the ‘Outrageous Prediction’ made via pro-crypto Saxo Bank for 2018.
At a time whilst crypto markets have been all beating all-time highs, analysts at Saxo decided a joint attempt from the Russian and Chinese governments would take Bitcoin down to simply $1000.
“After its extraordinary top in 2018, Bitcoin crashes and limps into 2019 near its primary ‘production cost” of $1,000,’ they concluded.
You can examine out the newest Bitcoin charge research from Bitcoinist here.
LEE: BITCOIN PRICE UNDER $2K ‘VERY SURPRISING’
On the again of an ongoing social media ballot involving nearly 5000 participants, Lee, who's fitting increasingly identified for his bullish charge predictions, stated “a lot of purchase orders and support” would hold Bitcoin above $2000.
“I’ll be very stunned if it ever hits $2,000 again,” he wrote December 8.
I suspect there should be much of purchase orders and aid at equally $3,000 and $2,500 mark. We will see!
Despite a earlier flurry of prophecies claiming the Bitcoin charge would opposite its bear market to attain large ranges earlier than the stop of the year, markets have thus far didn't do so.
HOW LOW IS LOW ENOUGH?
The earlier week has viewed the biggest cryptocurrency fall to new lows now not viewed considering September 2017, the brand new native ‘bottom’ performing Friday at $3220.
Now, attention is focusing on Bitcoin’s bear cycle having identical features to its earlier one, which Lee notes saw BTC/USD $3512.29 -0.52% drop 87 percentage from $1200 to $150 among December 2013 and January 2015.
“Now from Dec 2017 excessive of $20,000, going down 87% would take it to $2,500. So possibly backside out in Jan 2019?” he quizzed his audience.
Respondents seemed unconvinced. At press time, the preferable reply to the survey with 39 percentage of votes claimed that Bitcoin would fall additional and that this may final past subsequent month.
Through its brand new performance, the Bitcoin charge is on tips on how to mimicking the ‘Outrageous Prediction’ made via pro-crypto Saxo Bank for 2018.
At a time whilst crypto markets have been all beating all-time highs, analysts at Saxo decided a joint attempt from the Russian and Chinese governments would take Bitcoin down to simply $1000.
“After its extraordinary top in 2018, Bitcoin crashes and limps into 2019 near its primary ‘production cost” of $1,000,’ they concluded.
You can examine out the newest Bitcoin charge research from Bitcoinist here.
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