BITCOIN WILL NOT CRASH, SEE BITCOIN BEHAVIOR FROM 2010 TO 2018

in #busy • 6 years ago

photo_2018-03-18_16-05-35.jpg

If this chart is correct, it puts the price of bitcoin at $91,000 by 2020!

Tom Lee, managing partner at Fundstrat Global Advisors, said the big picture still has Bitcoin in a bull phase. That’s even after a 40% decline from the start of 2018, and a 70% fall from its all-time high in December 2017.

Lee compared the 70% decline to that of mid-2013, a retreat that was followed by a 700-plus day rally of more than 55,000%.

“March is typically the worst month for bitcoin, rising 1 of last 7 years,” was additionally noted in the following chart.

#bitcoin #cryptocurrency
6 years ago in #busy by
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