What happens when the Bitcoin price will rise to 10 thousand dollars?

The bulls returned to the market, and with them arrived the next portion of positive predictions from co-founder of Fundstrat Tom Lee. Recall that in early April he officially announced an end of the bearish trend, then Bitcoin is still traded in the area of $ 5,000.

Now the expert has a new landmark — according to him, Bitcoin will overcome the level of 20 thousand dollars in the foreseeable future. The cryptocurrency will please investors explosive growth, which will begin immediately after the breakout of the resistance at 10 thousand dollars.

What will be the price of Bitcoin in the future?

Before Tom spoke with Bloomberg. He said that cryptocurrency is near the psychologically important level of 10 thousand dollars, which at the moment is the main trigger FOMO. As soon as Bitcoin will overcome the specified level, its value can double in a very short period of time.

Moreover, Lee expects the script bullrun 2017 will happen again. We will remind, then the main crypto currency has grown on 10 thousand dollars for almost a month. Then Bitcoin has reached its historical maximum, and then began the longest bearish trend during the existence of the BTC.

After the next wave of Bitcoin growth will pass through another phase of consolidation. In the end, the asset will be traded in the range of from 20 to 40 thousand dollars. Yes, the spread is quite high, however, to predict a new peak for cryptocurrency very seriously. The expert notes that the limited supply of Bitcoin will make it a very desirable asset for investors of the future.

Source: CoinMarketCap

While traders have no choice but to follow the trend and play to improve. Bitcoin is trading at 9140 dollars, in recent days the price of the cryptocurrency has not practically changed.

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