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Crypto veteran Bobby Lee says the recent 50% BTC collapse from all-time highs does not mirror market tops of the past. In a new interview with Luke Martin of Venture Coinist, Lee, who accurately called for a 50% drop in Bitcoin price once it approached the $70,000 level, is discussing when we can expect BTC to catch fire and blast through the six-figure mark.
“I think we’re going to hit it either in the late summer or the fall of this year to get past $100,00, and then it’s going to zoom up really fast.”
“And I’ll give another prediction. When we hit the bull market, how do you know it’s an all-time high? How do you know it’s really peaked out?… If the price doubles within a day or two days – somewhere around one and three days – if the price doubles, that’s when it runs out of steam and that’s going to be the all-time high of this market cycle. The important thing is, people always ask ‘How do you know when we hit the all-time peak?’ The peak doesn’t happen based on FUD and bad news.”
In other trending Bitcoin News today: El Salvador to buy an estimated $135,000,000 worth of Bitcoin to give away for free to its citizens. This Thursday, the President of El Salvador, Nayib Bukele announced that adult citizens in El Salvador will receive $30 worth of Bitcoin for free after setting up their account on the government’s cryptocurrency app.
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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.
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