RATE Group | Fundstrat’s Tom Lee Bullish on Bitcoin, Believes BTC Could Still End the Year at $25,000
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Fundstrat’s Tom Lee Bullish on Bitcoin, Believes BTC Could Still End the Year at $25,000

23 Oct Fundstrat’s Tom Lee Bullish on Bitcoin, Believes BTC Could Still End the Year at $25,000

Posted at 23:02h in Bitcoin News by

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Fundstrat’s Tom Lee has always been one of Bitcoin’s biggest bulls.

For several months, despite the wavering price of everybody’s favorite cryptocurrency, Lee has stuck to his guns and remained adamant that the currency could end the year at an even $25,000.

Even now, when Bitcoin is experiencing its lowest levels of volatility in history and remaining within a short trading range of $6,300 and $6,500, yet Lee is still confident that the currency could end 2018 on a high note.

The Bear Market Isn’t Letting Up

Since December 2017, Bitcoin has been trapped in relatively bearish conditions.

Many enthusiasts look upon last December as a time of joy and happiness when Bitcoin reached an all-time high of nearly $20,000. The crypto appeared unstoppable; ventures like CME Group and CBOE paved the way for Bitcoin futures trading, and digital exchanges like Coinbase found themselves adding hundreds of thousands of new users.

But starting in January 2018, the cryptocurrency has been…

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