{"id":44367,"date":"2019-06-09T19:48:59","date_gmt":"2019-06-09T17:48:59","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=44367"},"modified":"2019-06-11T12:36:13","modified_gmt":"2019-06-11T10:36:13","slug":"bitcoin-btc-can-reach-40000-usd-in-5-months-after-breaking-the-resistance-set-at-10000-usd-tom-lee-says","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitcoin-btc-can-reach-40000-usd-in-5-months-after-breaking-the-resistance-set-at-10000-usd-tom-lee-says\/","title":{"rendered":"Bitcoin (BTC) Can Reach 40,000 USD in 5 Months After Breaking The Resistance Set At 10,000 USD, Tom Lee Says"},"content":{"rendered":"\n
\nTom\nLee remains bullish and does not stop sharing his optimistic vision\nabout the future of Bitcoin. In a recent interview with Binance CFO,\nWei Zhou for the exchange\u2019s official podcast, the founder of\nFundstrat Global Advisors once again gave one of his famous bullish\npredictions – perhaps the most optimistic of all:<\/p>\n\n\n\n
\nFor the well-known financial analyst, if Bitcoin achieves enough\nmomentum, the Bullrun could catapult it at prices higher than those\nrecorded during 2017:<\/p>\n\n\n\n
\u201cI think FOMO really gets triggered once Bitcoin hits 10,000 so going from 10,000 to 20,000 is gonna be fast and furious\u201d<\/p><\/blockquote>\n\n\n\n
The analyst explains that this price increase would be quite accelerated, which corresponds to the \u201ctypical\u201d behavior of these markets. For Lee, in less than a semester, BTC could go from $10,000 to $40,000, as long as it manages to break the historical resistance around 10,000 USD:<\/p>\n\n\n\n
\u201cIf bitcoin somehow manages to get to [$10,000], it\u2019s very likely going to make a run to $40,000 within five months.<\/p><\/blockquote>\n\n\n\n
\nLee told Wei that the crypto-market begins to gain hype when prices\nreach levels that have rarely been experienced (about 3% of past\ncycles). <\/p>\n\n\n\n
Currently, the price that best fits this rule is $10,000. In the entire history of Bitcoin, it was traded above this line for 87 days, which fits within the range established by Mr. Lee.<\/p>\n\n\n\n