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Bobby Lee: Bitcoin grope “a bottom” in January 2019

Co-founder and former CEO of the oldest Chinese cryptocurrency exchange BTCC Bobby Lee believes that the rate of bitcoin will continue to decline until the end of the year and will bottom out at $2 500 in January of the following year. After this first cryptocurrency begins to recover its position.

“Reaching a historical high of $1200 in December 2013, for the next 13 months, the bitcoin fell more than 87%, feeling the bottom for $150 in January 2015. It was the lowest point. Now, starting from the historical high of $20 000 in December 2017, 87% will receive us $2500. Maybe the bottom will be in January 2019?” — posted by Bobby Lee on Friday 7 December.

His tweet he accompanied the survey, which has involved more than 4,500 people. However, this forecast was accepted only 28% of respondents. 39% of users believe that bitcoin will fall below $2500, another 20% said that the bottom will really be in January 2019, but it will not be $2500. 13% of respondents agreed with the level of $2500, but I do not agree that this will happen next month.

Commenting on the opinion of the crypto community Bobby added that he would be very surprised if bitcoin ever drops to $2000.

“I suspect that at the levels of $3000 and $2500 will be a very strong support and a lot of buy orders. Let’s see,” he concluded.


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