BTC can very easily reach the limit $ 100,000. Bobby Lee, a veteran from the crypto industry is behind this view.
BTC consolidates under pressure from China
Bobby Lee is literally a veteran of the crypto industry. He is behind the founding of the BTCC and his brother is the founder of Litecoin. He recently commented on the current situation regarding BTC in an interview with Bloomberg. According to him, we will definitely see BTC at the end of the year $ 100,000. He was not surprised by the Chinese government’s intervention. It was just a matter of time. Even after the interventions from 2017, something similar could be expected.
However, it is positive that the news came right now. There is still enough time for BTC to process these bans and can do so continue on the way up.
“Currently, BTC is trying to get as much information as possible. However, if I have to comment on the price, I see it from a bullish perspective. Even a year, we will definitely look at the 100k limit. If the pressure is much stronger, a limit of 200k is possible. “
The strong media boom is biting BTC, that’s for sure, according to Lee. Bobby Lee has commented on the BTC price forecast several times in the past. In August 2018, he even claimed that BTC would cross the border in 2020 $ 60,000. This prediction came out for him with a slight deviation.
We will therefore monitor the development of the largest cryptocurrency that awaits the crucial months.