The co-founder of Fundstrat Global Advisors, Tom Lee, said that the Bitcoin exchange rate will increase to $91000 by the March of 2020. The expert builds his forecast due to the schedule, which demonstrates the results of past market failures. This has been reported by Forbes.
Lee and Fundstrat used the average percentage received in the price after each fall to reach the 2020 figure.
Forbes notes that since the diagram is based on a logarithmic scale, rather than on a traditional linear chart, BTC’s highs and lows are not so different.
Lee predicts the high cost of BTC, as its price was below $3000. In the July of 2017 Lee had already stated that Bitcoin would reach $55000 by 2022. The most recent statement was made in this January when Lee said that Bitcoin would reach $25000 by the end of 2018.