New all-time highs are “imminent” for Bitcoin price serial bull Tom Lee has declared as the cryptocurrency reclaims $13,000.
BTC Within $800 Of 15-Month High
Speaking to CNBC on July 9, Lee, who is a Managing Partner and the Head of Research at Fundstrat Global Advisors, said it was investor desire for “insurance” that would drive Bitcoin higher.
“…Now, I think people are responding to that idea that, ‘You know, if you have a little insurance, it’s great,’” he told the network’s ‘Power Lunch’ segment.
Lee made the comments as Bitcoin surged higher yet again, reclaiming most of the ground it had lost on the way down from its previous 15-month high of $13,800.
That figure had cemented BTC/USD’s highest monthly close in history last month, with analysts now eyeing an easy run to beating the figure yet again at the end of July.
At press time, Bitcoin was still holding onto support at $13,000, recovering from an initial drop to $12,785.
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