Fundstrat’s founder, Tom Lee, has predicted that Bitcoin’s price will reach $91,000 by March 2020, basing his prediction on a chart that shows Bitcoin’s performances after past market dips, Forbes reported yesterday.
The publication’s piece notes that, because the chart is based on a logarithmic scale as opposed to the traditional linear-based graph, bitcoin’s highs and lows are not as distinct.
Lee has been predicting high prices for Bitcoin since its price was below $3,000. For example, in July 2017 Lee had already stated that Bitcoin would hit $55,000 by 2022. More recently, in January of this year, Lee said that Bitcoin would reach $25,000 by the end of 2018.
Lee and Fundstrat recently released the “Bitcoin Misery Index” in early March, which is described as a “contrarian index’ that lets investors know how “miserable” Bitcoin holders are at the current price.
< 1 min
Table of contents
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.09
Trade+0.21% -
USD/JPY
148.63
Trade+0.5% -
GBP/USD
1.29
Trade-0.17% -
EUR/JPY
161.7
Trade+0.71% -
GBP/JPY
192.23
Trade+0.35%
-
Shopify Inc.
94.86
Trade+0.7% -
Tesla, Inc.
250.47
Trade+3.97% -
NVIDIA Corporation
121.51
Trade+4.32% -
Apple Inc.
213.33
Trade+1.46% -
Amazon.com, Inc.
197.89
Trade+1.44%
-
Gold
2988.15
Trade+0.05% -
Crude Oil WTI
66.9
Trade+0.57% -
Crude Oil Brent
70.22
Trade+0.64% -
Gold-Gram
96.07
Trade+0.04% -
Silver
33.79
Trade-0.16%
-
US 100
19646.88
Trade+1.66% -
GER 30
23080.15
Trade+2.36% -
US 500
5623.86
Trade+1.39% -
US 30
41382.58
Trade+1.08% -
UK 100
8666.4
Trade+1.14%
-
UltraPro Short QQQ
36.73
Trade-3.87% -
Daily Junior Gold Miners Index
57.73
Trade-0.36% -
S&P 500 ETF
562.79
Trade+1.27% -
QQQ Trust, Series 1
479.67
Trade+1.23% -
Gold Miners ETF
43.61
Trade-0.14%
Your capital might be at risk
Related posts
Top Crypto Assets, Rumours and Strategies for 2025
How To Short Sell Crypto: Making Profits in a Bear Market
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
What should you learn next? Turn the wheel to find out!
