Tom Lee, the co-founder of Fundstrat Global Advisors, has recently come forward to make a fresh short-term price prediction – and it is a pretty aggressive prediction.
Lee had been in an interview with Wie Zhou, CFO of Binance, in which he had cited his very optimistic roadmap, stating that he believes Bitcoin can reach $40K within 5 months of its breaking above $10K.
The 10K price level has been a highly anticipated benchmark for Bitcoin, as it’s halfway to the $20K ATH level and would show that the market is strongly recovering. However, according to Lee, once price action manages to reach the $10K level and continue higher, FOMO will kick in quickly. He went on to state that it will be “fast and furious” on the run toward $20,000. Lee continued to add that after $10K is“reclaimed,” he expects Bitcoin to reach $40K within 5 months.
The reasoning behind this is due to the fact that after FOMO kicks in, historically, the price will surge from 200% to 400%.
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