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Legendary Crypto veteran Bobby Lee thinks Bitcoin will skyrocket in price by the end of 2021, according to a Fortune interview.
“I don’t officially give financial advice, but personally I’m confident that the latter half of this year Bitcoin will go back above $65,000. I think it’ll peak out over $250,000 later this year.”
However, Lee also thinks BTC will endure a bear market in 2022 and lose 50-80% of its value after touching the new all-time high. A couple of years after the 2022 bear market, he thinks it will move into another bull cycle.
“I think Bitcoin will have its bull cycle every three or four years in the coming years. I expect Bitcoin to pass a million, two million dollars easily in the next 10-15 years. In fact, the next cycle I predict to be in the year 2024 or 2025, and that’s when Bitcoin will cross half a million dollars and might even touch $1 million.”
In other trending Bitcoin News today: Popular Analyst Predicts Parabolic Second Phase of Bitcoin Bull Run, Says Bottom In for Ethereum!
Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoin’s bull run will push BTC well above six figures.
“I’m sharing this because I have a feeling there are a bunch of late bulls that have extreme FOMO (fear of missing out) atm (at the moment) and are trying to overleverage to compensate. Just be patient and continue to stack. BTC is going to $100,000+ either way. Don’t let greed knock you down right before it happens.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
Show Notes / Resources:
https://cointelegraph.com/news/bitcoin-price-is-returning-to-40k-but-will-shorts-have-their-revenge