Bitcoin Uber-Bull Tom Lee Predicts a New Record High for July
Inside the Current Cryptocurrency Landscape
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Bitcoin may be well off its mid-December peak of $19,511, but it will be touching new highs again by July, according to Fundstrat Global Advisors LLC’s Tom Lee.
The world’s largest cryptocurrency tumbled 70 percent from its high on Dec. 18 to the Feb. 6 low, but has since recovered and is trading around the $10,000 level. That, Lee says, follows a pattern: Bitcoin bottoms are “V-shaped.”