Bobby Lee, a brother to the founder of Litecoin (LTC) has taken to Twitter to predict that the Crypto Pioneer token Bitcoin (BTC) is set to experience a rally to $333,000 by the end of 2020 Q4.
Lee, a Board member at BTC foundation who also doubles as the founder and CEO of BalletCrypto opined that if history should perfectly be repeated, the present bearish in the BTC market will bottom at $2,500 in August and that the next rally will begin before the close of 2020 Q4.
He further predicted that BTC price will peak out by the end of 2021 to hit an all-time high of $333,000, after which it will crash back to $41,000 within a space of two years.
Lee referred to an earlier prediction he made about two years ago precisely on the 7th of December 2018, when he predicted back then that the King coin would, from an all-time high of $20,000 in December 2017, go down by 87% for over a two years space to bottom-out by January 2019.
Eminent Analysts Foretells Bitcoin Price
In a similar development, NewsLogical reported that the recent improvement in the price of Bitcoin has received multiple reactions from numerous eminent crypto analysts such as Josh Rager, Rob Sluymer among others.
Rob Sluymer in his own opinion predicted that BTC price will surge to $13,000 as soon as it breaks the $10,500 limit. In the same vein, crypto enthusiast and co-founder of Blackroots, Josh Rager, pointed out that Bitcoin must exceed the $10,500 mark to experience a new bull run.
However, Crypto₿irb a renowned Bitcoin trader who majors in buying and selling of crypto assets and forecasting historical values of cryptocurrencies has glued to his opinions and sold his BTC holdings against all improvements in the past weeks.
Crypto₿irb is one of those that refuse to believe that BTC price will in a short while break past $10,500 and reach a new all-time high.