Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally


Today, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe

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Posted by Joseph Young on August 25, 2018 @ https://www.ccn.com/why-some-bulls-expect-bitcoin-to-fall-below-5000-prior-to-big-rally/

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