Snapshot taken from coindesk
Early this morning, Bitcoin (BTC) jumped by $1,000 in just one hour and the crypto bulls are coming in hot now. One crypto bull, in particular, Wall Street analyst Thomas Lee, believes that Bitcoin could rise to as high as $25,000, reports CNBC.
This is good news for crypto investors, bitcoin is rising again. $1000 growth in just one hour shows that it may hit the level of $25000 predicted by Wall Street analyst Thomas Lee.
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Lee told Futures Now that “We still feel pretty confident that bitcoin is a great risk-reward and we think it could reach $25,000 by the end of the year.”
Recently we have noticed a great fall in bitcoin price which may be caused by tax policy. Lee had already predicted this massive selloff. But now he is very confident that bitcoin will rise again and touch the level of $25000. And this may happen by the end of this year. If you review the last one year data, you find 541% growth in bitcoin. It is not a matter of joke.
Snapshot taken from coindesk
In the middle of last December, 2017 bitcoin price touched all-time high level, but unfortunately 45% drop was recorded since January, 2018. To achieve $25000, bitcoin will first have to regain its losses occurred since the start of 2018, and then it will achieve $25000 level.
Source: https://cryptocurrencynews.com/daily-news/bitcoin-news/thomas-lee-bitcoin-reach-25000/