Tom Lee predicts new records bitcoin in July

New price records will demonstrate bitcoin in July 2018, well-known financial expert and former analyst financial holding company JPMorgan Chase, Tom Lee (Tom Lee).

Recall that the historical high of $19 511 bitcoin exchange rate reached in mid-December 2017. The period from December 18, 2017 February 6, 2018 significant correction, and to which bitcoin has dropped 70%. In the last week the exchange rate of bitcoin is recovering, and on 15 February has risen again above $10 000, and at the end of the day February 17 is about $10 800. Tom Lee believes that this trend of bitcoin prices corresponds to the «V-shaped» pattern.

An expert analysis was conducted of the 22 corrective movements of the bitcoin since 2010. The survey analyst concluded: for the full restoration of bitcoin will need 80 days, after which in July the first cryptocurrency will show the new records. In the mood of investors has also been some improvement, indicating a possible growth prospects of bitcoin, says Tom Lee.

In their January forecasts Whether the claimed increase in the price of bitcoin in 2018. An expert estimated value – $ 25,000 in 2018, and $125 000 by the end of 2022.

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