Bitcoin Could Reach $125,000 in 2021 -Fundstrat Advisors
Co-founder of cryptocurrency research firm Fundstrat Global Advisors LLC, Tom Lee as claimed that Bitcoin has reached its lowest point
Lee believes that the flagship cryptocurrency is being less affected by negative news, which could mean that it has bottomed out
Fundstrat’s Managing Partner believes that BTC could exceed $125,000 before the end of 2021
The co-founder of Fundstrat Global Advisors LLC, Tom Lee has made some strong projections about Bitcoin.
According to the crypto research expert, BTC may have reached its lowest point, reducing the likelihood of it going lower.
Lee stated that this can be confirmed in the way in which BTC is being less affected by negative news.
It would be worth nothing that Bitcoin rose by $2,000 over the weekend, despite a series of negative news.
Read also: Elon Musk Tweet Pushes BTC Down to $36,000
Fundstrat’s Managing Partner predicted that the flagship crypto could exceed $125,000 before the end of 2021.
The crypto experts have stated that a move above $40,000 will confirm its bullish movement.
At the press time, Bitcoin is trading at $36,000, down by 2.6% in the last 24 hours.