Crypto Market Expert Tom Lee: Bitcoin Price May Hit $40,000 Soon After It Gets Over $10,000

  • Yuri Molchan
    📰 News

    In a recent podcast with Wei Zhou, Binance’s CFO, as a host, Thomas Lee says that Bitcoin could reach $40,000 once it takes the $10,000 resistance


Crypto Market Expert Tom Lee: Bitcoin Price May Hit $40,000 Soon After It Gets Over $10,000
Contents

Recently, the founder of Fundstrat, Tom Lee, spoke to the CFO of Binance in a podcast and has again provided a large bullish prediction, confirming his status as a Bitcoin bull and crypto market expert.

‘FOMO will make the BTC price rise 4x’

The famous financial expert believes that should Bitcoin gain momentum again, it will move from $10,000 easily and double its price – FOMO will be the trigger in this case.

Tom Lee explained to Wei Zhou, Binance’s CFO, that the Bitcoin price surge would be quick enough – in the current situation, this is typical for markets of this kind, as Lee said. In less than four months, he believes, Bitcoin may surge from $10,000 to $40,000, provided that it manages to take the historical resistance at the $10,000 level.

In the past, some of Lee’s big bullish forecasts regarding the BTC price have failed to happen, so from the above said, the $10,000 one looks realistic enough to happen.

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Lee’s previous ultra-bullish predictions

Tom Lee is a permanent Bitcoin bull. He always produces optimistic forecasts. Still, sometimes he does review them, as it was last year, when he decided to reconsider the large Bitcoin price he predicted by the end of 2018 to a lower one. Even the lower price he predicted for BTC back then never took place, though.

At some point, at the end of 2018, Lee simply took a break from making public Bitcoin price forecasts.

Still, other Bitcoin bulls and investors, such as Mike Novogratz, Tim Draper and Max Keiser, support Lee’s bullish stance on BTC and are positive that in the coming years Bitcoin will become a major substitute for gold as a store of value or at least will become gold’s major rival in this sphere.

Cover image via freepik.com
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Bitcoin Price About to Hit $9,000, BTC Rises 135% Year-to-Date

  • Yuri Molchan
    📰 News

    The largest cap digital currency is heading towards a high of $9,000 and is showing the highest gains on CoinMarketCap


Bitcoin Price About to Hit $9,000, BTC Rises 135% Year-to-Date
Contents

On Saturday, June 15, the Bitcoin price is demonstrating a rise, going up 5 percent. This is the biggest rise among the top-ten coins at present, with 90 percent of the first line crypto assets enjoying the sea of green.

CoinMarketCap.com
CoinMarketCap.com

Bitcoin price shows a 135%-rise

A crypto analyst Joseph Young has written in Twitter on Saturday that so far this year Bitcoin price has surged 135 percent.

It has recently gone through a small retracement, and floated around $7,900 for a while. Many expected BTC to drop even lower, however, the ‘digital gold’ keeps going North.

Joseph Young also points out at the fact that Facebook has found significant supporters for its GlobalCoin and this project may raise overall market interest in crypto and BTC in particular.

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EOS, ETH, LTC surge after Bitcoin

Bitcoin is the top gainer on CoinmarketCap at press time. The second best performer on the top ten is EOS, showing a rise of 4.01 percent. It is followed by Ethereum (+3.11 percent) and Litecoin (+3.09 percent) – all taken upwards by the growing BTC price.

CoinMarketCap.com
CoinMarketCap.com
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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