Tom Lee Predicts Bitcoin Will Skyrocket to $91,000 by March 2020

Bitcoin’s Meteoric Rise Forecasted

Tom Lee, the ever-enthusiastic analyst from Fundstrat, believes Bitcoin is gearing up for a wild ride. He confidently predicts that Bitcoin’s (BTC) price could soar to an impressive $91,000 by March 2020. Yes, you read that right! And no, he didn’t pull that number out of a fortune cookie, but rather from his trusty chart showcasing BTC’s dance moves after previous market dips.

The Magical Chart!

Lee’s prognostication rests on some good old-fashioned analysis. By taking an average of the percentage gains following past dips, he boldly constructed a figure that’s got crypto enthusiasts buzzing. It’s like finding the perfect blend of coffee after countless brews – only this time, it’s all about digital gold!

Logarithmic vs. Linear: The Chart Showdown

Now, let’s talk about why Lee’s chart is as good as gold—or at least, it may appear that way. The analysis makes use of a logarithmic scale, which, unlike your standard linear graphs, dampens the drama of BTC’s high-flying prices and steep falls. Think of it as a smooth jazz version of Bitcoin’s rollercoaster history. It might not be as flashy, but it sure helps highlight the overall trend!

A Look Back at Past Predictions

Lee is no stranger to making waves with his predictions. Back when Bitcoin was still flirting with the $3,000 range, he set the bar high by stating it would climb to $55,000 by 2022. In a plot twist, he also hinted that BTC could reach $25,000 by the end of 2018, proving that he might have a crystal ball hidden somewhere. Or maybe he just has really good intuition?

Bitcoin Misery Index: The Contrarian’s Best Friend

In addition to his audacious forecasts, Lee and Fundstrat have unveiled a charming little tool known as the “Bitcoin Misery Index.” This nifty contrarian index gauges how “miserable” Bitcoin holders feel about current prices. It’s like a mood ring for the cryptocurrency world! When holders are feeling low, perhaps it’s the ideal time for investors to swoop in like superheroes looking to rescue their financial futures.

Wrapping It Up

Will Tom Lee’s predictions hold water? As all good crypto aficionados know, the only certainty in this volatile market is uncertainty itself. What’s this year’s Bitcoin drama going to look like? Only time will tell, but for now, it seems Lee is ready to ride the waves!