Tom Lee Predicts Bitcoin To Reach $91,000

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%.

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