In the near future, the bitcoin rate may return to the $ 50 thousand mark, despite a 35% drop in May. This conclusion was reached by analysts of the American company Fundstrat, having studied the chart of the course of the first cryptocurrency. They discovered an inverted head and shoulders pattern, which may indicate a further recovery in quotes, writes RBC Crypto.
Fundstrat co-founder Tom Lee also named it is a good sign that bitcoin is making a series of lower highs.
That is a good sign
– Thomas Lee (@fundstrat) June 1, 2021
Earlier, Lee stressed that the rate of the first cryptocurrency may still exceed $ 100 thousand this year. The company also published a forecast according to which the price of Ethereum could reach $ 10 thousand in 2021.
As of June 1, 10:20, bitcoin costs $ 36.9 thousand, over the past day it has risen in price by 6%. The first cryptocurrency continues to recover after it fell in price to a third on May 19, to a local minimum of $ 30,000.
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