Lee and Fundstrat analysts used the average percentage of price change after each fall to create a forecast for bitcoin for 2020.
The Forbes publication that published the study notes that since the chart is based on a logarithmic scale rather than a traditional line chart, BTC highs and lows are not much different.
*prediction of Whether, based on the history of bitcoin since 2010
Lee has been predicting high BTC prices since its price was below $ 3,000. In July 2017, Lee already announced that bitcoin would reach $ 55,000 by 2022. More recently, in January of this year, Lee said that by the end of 2018 bitcoin will reach 25'000 dollars.
Lee and Fundstrat also recently released the "Bitcoin Misery Index" in early March, which is described as the "opposite index," which allows investors to understand how "unfortunate" BTC holders hold their assets at the current price.
