Tom Lee predicts the new records of Bitcoin in July

New price records Bitcoin will show in July 2018, says the well-known financial expert and ex-analyst of financial holding company JPMorgan Chase, Tom Lee. 

Recall that the historical maximum of $ 19 511 Bitcoin rate reached in mid-December 2017. The period from December 18, 2017 to February 6, 2018 marked a significant correction, which resulted in Bitcoin fell by 70%. In the last week, the Bitcoin rate is recovering and on February 15 it rose again above $ 10,000, and at the end of the day on February 17 there is about $ 10,800. Tom Lee believes that such dynamics of Bitcoin prices correspond to the "V-shaped" pattern.

The expert analyzed 22 corrective movements of Bitcoin starting from 2010. From the results of the research, the analyst concluded that for a full recovery, Bitcoin would need 80 days, after which in July the first cryptocurrency will show new records. In the mood of investors in recent years, there has also been some improvement, which indicates possible prospects for Bitcoin growth, notes Tom Lee.

In his January forecasts, Lee announced an increase in the price of Bitcoin in 2018. The estimated expert values are $ 25,000 in 2018, and $ 125,000 by the end of 2022.