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Read in application Angle down icon An icon in The form of an angle pointing down. Bitcoin remains heading in the right direction to hit $150,000, implying 138% upside from its latest levels, In line with Fundstrat's head of research Tom Lee. Getty Images

currencies Bitcoin is about to crystal clear an enormous overhang, along with the crypto will Get better from its slump to reach $one hundred fifty,000 by yr-close, Fundstrat's Tom Lee suggests

Other bitcoin forecasters have remained bullish within the coin this 12 months, notably as the Fed appears poised to dial back desire prices. the cost of bitcoin has rebounded after a brutal 2022, with the coin recovering all its losses to notch a clean all-time-large all over $seventy three,000 this 12 months.

however, Lee claimed the provide-off has been partly driven by nervousness over payouts from Mount Gox, the crypto Trade that locked away all around $9 billion in crypto when it declared personal bankruptcy a decade in the past.

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