After the $10k level is broken he expects a similar reaction to what happened during the bulls in 2017.
The online publication writes that around Thanksgiving during that year, BTC passed $10k.
“The net result was widespread retail FOMO, and the price of Bitcoin reaching its all-time high of $20,000 not even a full month later. The bubble popped, a correction and bear market ensued, and the rest was history,” they write.
They also report that “Bitcoin is once again flirting with $10,000, and it could just as easily take Bitcoin back towards its all-time high, and according to Lee, even higher.”
At the moment of writing this article, BTC is trading in the green on CMC and it’s priced just below $9,300.
BTC’s price – driven by institutions
There’s been a lot of debate lately regarding the price of BTC and what’s been driving it these days.