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Permalink to Bobby Lee Predicts Bitcoin Bottom at $2,500 Before Meteoric Rise to $333,333

from Daily HODL 5 years ago 0 0 764

The co-founder of Hong Kong-based crypto exchange BTCC says that if history repeats itself, Bitcoin will finally find a bottom next month at about $2,500.

After that, Lee sees a path toward Bitcoin reaching $333,333 by the end of 2021.

If history repeats perfectly, then the current bear market for #Bitcoin would bottom out at $2,500 next month, in Jan 2019. And then the next rally would start in late 2020, peak out in Dec 2021 at $333,000, and then crash back down to $41,000 in Jan 2023.Something like that????? https://t.co/M8ljIVnt73 — Bobby Lee (@bobbyclee) December 7, 2018

Lee is basing his math on the price of Bitcoin back in December of 2013, when Bitcoin hit an all-time high of about $1,200. Over the course of the following 13 months, Bitcoin plummeted by about 87.5%, bottoming out at around $150 in January of 2015.

From then on, BTC gained traction and skyrocketed to a high of nearly $20,000 in December of 2017.

An 87.5% drop from $20,000, puts Bitcoin at $2,500. So, if past is prologue, Bitcoin, which is currently trading at $3,356 at time of writing, has further to slide.

If you’re looking for more predictions, check out Binance CEO Changpeng Zhao on the future of crypto, and here’s a video mashup of industry analysts Tom Lee, Mati Greenspan, Naeem Aslam and Ronnie Moas.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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