According to Business Insider, Wall Street strategist Tom Lee, Bitcoin and in a recent statement about the crypto paralysis, Bitcoin will retest the record level until July.
This would be an incredible rebound after a decline of 70 percent in the aftermath of 20 thousand dollars in December. There seems to be a frenzy, but there are some important data that will support Lee’s claim.
According to the analysis of the ’22 correction, it will be fully recovered in July ‘
Analyzing 22 fixes that Bitcoin dropped by more than 20 percent since 2010, Lee found that healing during the bull period lasted 1.7 times longer than the decline. Moving from this verse, Lee said Bitcoin would be fully recovered in 85 days, which corresponds to July.
‘125 thousand dollars in 2022’
The famous strategist had already stated that Bitcoin is digital gold for the Y generation and that he can easily reach $ 100,000 in the long run. In another statement, Lee said Bitcoin would be $ 125,000 by 2022.