Today, on June 25, Fundstrat’s co-founder Thomas Lee has tweeted some data shared by his company’s analyst Robert Sluymer – the Bitcoin price charts are showing a ‘double top’ pattern.
Technical analysts believe this pattern to be a reversal one.
NOT A FORECAST:
— Thomas Lee (@fundstrat) June 25, 2019
But our TA @rsluymer says there is no such thing as a ‘triple top’
Looks like we will soon find out... pic.twitter.com/hRz55xZERD
Last week, Tom Lee also said that his trading target for Bitcoin would be $10,200 and then he would sell.
Current Bitcoin market stance
At the time of writing this, Bitcoin is trading at $11,339, showing a rise of 4.76 percent. On Friday evening last week, Bitcoin price got over the $10,000 level and floated around $10,700 since then.
Experts believe that the major reason for the BTC growth recently is the launch of Libra coin promised by Facebook social media giant.
The coin is pegged to fiat and has such behemoths as Uber, PayPal, Visa and others among its investors.
Previously, Tom Lee and Tyler Winklevoss, one of the ‘crypto twins’ and a co-founder of the Gemini exchange, expressed a view that after breaking through $10,000 Bitcoin price would easily reach $15,000 fueled by FOMO that is getting stronger in the market.
