Bitcoin Price Will ‘Easily’ Blast Beyond All-Time High Soon

Speaking to CNBC’s Futures Now, Fundstrat co-founder and head of research Thomas Lee said that considering the momentum of bitcoin, the dominant crypto asset is likely to take out its all-time high very soon.

Historically, as a highly volatile asset, bitcoin has tended to record most of its gains in a year within a 10-day time frame, as Lee previously explained.

The last time bitcoin price surpassed a fear of missing out (FOMO) level, the asset demonstrated an increase of around 200 to 400 percent against the U.S. dollar.

Lee indicated that $10,000 is considered to be the near term FOMO level for bitcoin and surpassing that level could sustain the strong momentum of the asset throughout the near to medium term, taking the asset to a new record high.

Reference: https://www.ccn.com/bitcoin-price-news/bitcoin-price-blast-all-time-high-wall-street-analyst/2019/06/19/

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Author: Neo Anderson

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