It would be an incredible rally for Bitcoin, which has dropped 70% from its all-time high in December last year, though it may sound crazy, but Lee has the data to support his claim.
Analyzing the bitcoin's more than 20% fall in the past 22 times, he found that the recovery took 1.7 times the time to fall during the bull market, and if the trend continues, then Bitcoin is expected to see a full recovery in 85 days, That is to say in July.
However, the premise of this prediction is that bitcoin is still bullish, and while many are skeptical, Lee insisted that Bitcoin is still bullish and that long-term trends will rise.
In a note to his clients, he wrote: '73% of the bottom of the bitcoin is V-shaped, and we can see an example of bitcoin flexibility here given the recent bitter drop in bitcoin.'
Tom Lee, the first analyst on Wall Street to start tracking bitcoins, said in a research note released last month that Bitcoin is expected to rise to $ 125,000 in 2022.
He believes that $ 9,000 will be a major low for bitcoin, "and we think the $ 9,000 price will be the biggest buying opportunity in 2018, 'and his company will be' aggressive 'at this price Buy '.