Crypto enthusiasts and analysts have been lending their voices in cryptocurrency prediction, especially Bitcoin that leads all other digital currencies significantly in the crypto market.

Tom Lee is the latest on the list of Crypto enthusiasts that predicted a hallmark bullish for Bitcoin by 2020, joining the likes of John McAfee and Tim Draper in notable and optimistic prediction for BTC.

Tom Lee, the head of research at Fundstrat Global Advisors, did not predict a specific price for Bitcoin, but he was optimistic that BTC will hit its all-time height between now and 2020.

Not forgetting the 2018 historical bear market so easily, when all the major cryptocurrencies including Bitcoin experienced a notable price plummet, canceling the bullish experience of 2017 that seemed unending.

Although Tom Lee’s might not be fully trusted this time, since he made a blatantly wrong prediction in early 2018, when he predicted 25000 dollars BTC price by the end of the year.

However, Tom Lee came with signs and track record that makes it optimistic that Bitcoin (BTC) bullish has returned and has come to stay.

Signs Applied by Tom Lee for His Bitcoin Price Prediction

In the past 3 weeks, Bitcoin has been enjoying its stability above $5000 mark except when it dropped below $5000 during Tether-Bitfinex scandal that left a negative impact on the majority of top cryptocurrencies, but BTC has since regained its stability, giving crypto analysts a stronghold to build their Bull Run predictions.

Base on Tom Lee’s prediction, he noted a sign of liquidity on the Bitcoin blockchain due to an increase in volume of transaction, terming it a sign that good fortune awaits BTC and its investors.

Another sign raised by Lee has to do with location where the voluminous transactions are coming from; countries such as Turkey, Venezuela and others where their national currencies experienced an obvious plummet in value, aiding increase in demand and transactions of Bitcoin and increase in demand always result to increase in price. This will end up favouring BTC and enhancing its market price surge.

Lee also decoded that the Bitcoin golden cross that recently came is a prominent sign that the bullish has come for the long run. Golden cross is a term used whenever 200-day moving average is overtaken by 50-day moving average, which was achieved by BTC a couple of days ago.

John McAfee and Tim Draper Predicted notorious Bull Run for Bitcoin Price

Before Tom Lee’s 2020 hallmark prediction for Bitcoin market price, Tim Draper, the founder of Draper University had predicted an outrageous $250,000 BTC price by 2022, while John McAfee, the British-American computer programmer, also argued sometimes in 2018 that Bitcoin (BTC) will worth $1000000 by the end of 2020, a prediction that seems unachievable if one has to consider the present instability in the crypto market.

In conclusion, investors and enthusiasts in the cryptocurrency space will continue to look forward to the day their dream finally become a reality, when the BTC price, their favourite cryptocurrency, will soar significantly to the wide recognition of the world at large.