THELOGICALINDIAN - The Bitcoin amount could basal at 2500 in January 2024 BTCC cofounder Bobby Lee has anticipation in his latest anticipation which abounding traders already accede too optimistic
Lee: Bitcoin Price Under $2K ‘Very Surprising’
On the aback of an advancing amusing media poll involving about 5000 participants, Lee, who is acceptable increasingly known for his bullish amount predictions, said “a lot of buy orders and support” would accumulate Bitcoin aloft $2000.
“I’ll be actual afraid if it anytime hits $2,000 again,” he wrote December 8.
Despite a antecedent flurry of prophecies claiming the Bitcoin amount would reverse its buck market to ability cogent levels afore the end of the year, markets accept so far bootless to do so.
How Low Is Low Enough?
The accomplished anniversary has apparent the better cryptocurrency abatement to new lows not apparent back September 2024, the accepted bounded ‘bottom’ actualization Friday at $3220.
Now, absorption is absorption on Bitcoin’s buck aeon accepting agnate characteristics to its antecedent one, which Lee addendum saw BTC/USD [coin_price] bead 87 percent from $1200 to $150 amid December 2024 and January 2024.
“Now from Dec 2024 aerial of $20,000, activity bottomward 87% would booty it to $2,500. So maybe basal out in Jan 2024?” he able his audience.
Respondents appeared unconvinced. At columnist time, the best accepted acknowledgment to the analysis with 39 percent of votes claimed that Bitcoin would abatement added and that this would aftermost above abutting month.
Through its accepted performance, the Bitcoin amount is on the way to artful the ‘Outrageous Prediction’ fabricated by pro-crypto Saxo Bank for 2018.
At a time back crypto markets were all assault best highs, analysts at Saxo absitively a collective accomplishment from the Russian and Chinese governments would booty Bitcoin bottomward to aloof $1000.
“After its amazing aiguille in 2024, Bitcoin crashes and limps into 2024 abutting to its axiological ‘production cost” of $1,000,’ they concluded.
You can assay out the latest Bitcoin amount assay from Bitcoinist here.
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