Tommy Lee predicts the Bitcoin rate will rise to $40,000
The Expert Advisor is sure that this scenario may happen if the currency breaks through the $10,000 limit in the near future. Once this happens, FOMO — the effect of lost profits — will be triggered. It will stimulate the activity of buyers and will have a positive impact on price dynamics.
When BTC reaches $10,000, it will not stop there and will quickly return the positions that were lost in 2018. It will take only 5 months to double the historical maximum of $20,000. The institutional investors' interest will be helpful in this regard.
We would like to note this prediction is based on the historical trend. The Bitcoin will easily add 200-400%, Lee said. This has happened before in 2017 and may happen again this year. We look forward to it!