"Bitcoin isn't broken if it's holding at these levels. I think people are afraid it is going to go back down to $6,000 and never come back from those bear markets."
Tom Lee's prediction for Bitcoin's price is based on a logarithmic chart which includes notable price declines since 2010.
Tom Lee, Managing Partner and the Head of Research at Fundstrat Global Advisors, sees the cryptocurrency market recovering by the end of March. In a report released on Wednesday, the Wall…
Tom Lee gave an interview to Bloomberg in which he explained that the sudden drop in Bitcoin's price was expected.