Tom Lee, the famous financial analyst whose comments are often correct , explained that the downward trend of the beginning of the year in the cryptocurrency market was about to end. Very soon, classes should go up.

A bad pass needed

Tom Lee is absolutely not worried about the future of Bitcoin and other digital currencies. The market has collapsed since January, which discouraged many investors. But according to the financial analyst, we should not turn away from virtual currencies because this downward trend is logical and should soon end.

It was in a note to investors published on Tuesday that the man said the decline was nearing the end: " We believe that the current period of 'purgatory' will last between 150 and 175 days, and that a market bullish for altcoins will actually begin between mid-August and mid-September . The reason for this relatively long duration is related to the 'dark clouds' surrounding the ecosystem, which are particularly threatening to altcoins . "

"Dark clouds"

Tom Lee is talking about "dark clouds". He simply wants to talk about the various questions that surround crypto-currencies in recent weeks, and decisions like those of Facebook or Google. These are normal adjustments, which necessarily affected the price of cryptocurrencies.

The financial analyst is convinced that the future of cryptocurrencies will be bright.

But this downward trend would finally have come to an end, according to the financial analyst: "Based on the trajectories of the three previous downtrend periods of the markets of altcoins, and on the fact that these periods have lasted approximately as long as the increases that have preceded them, the probability that the current decline has come to an end is high. "

Tom Lee goes even further because he gives precise figures, estimating that within two years, Bitcoin will be worth $ 91,000. The future will tell if he was right.