Market strategy and research firm Fundstrat made a bold Bitcoin price prediction a few hours before the asset tanked to a two-month low.
When asked what would happen if the ETF applications are rejected, Lee said the halving will still create demand and price gains, “but it won’t be six figures.”It should be noted that Tom Lee is an uber-Bitcoin bull who has made bold predictions in the past. In late December 2020, Leethat BTC prices would reach $100,000 by the end of the year. In reality, it peaked at $69,000 in November and declined into a multi-year bear market after that.that the Bitcoin price could surge to $200,000.
Now just a few hours after he offered a $150,000 BTC price forecast, the asset has slumped to a two-month low. BTC has fallen 2% on the day to an intraday and two-month low of $28,430 during the Thursday morning Asian trading session. The move followed the release of the minutes of a Federal Reserve meeting in which it said it did not expect a recession though officials still saw the need for higher rates.
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