After taking an extended break from forecasting, Fundstrat co-founder and head of research Tom Lee is back with a new Bitcoin prediction. Lee told MarketWatch that investors’ appetite for Bitcoin has returned, and if a couple things fall into place, BTC could hit $10K by the end of the year.
Early last year, Lee predicted BTC would return to $20,000 by the end of 2018, a number he later adjusted to $15,000. Right now, the crypto markets are mixed. Bitcoin is down 0.13% at $5,078. Ethereum is up 0.51% at $163.87, and XRP is down 0.35% at $0.3255. Technical analysts are watching for a potential downside push below $5,000 for Bitcoin, and identifying support levels for Ethereum, XRP and Litecoin.