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A well-known analyst believes that BTC has not yet reached the top of the bull market



Experienced cryptocurrency analyst Bobby Lee believes that has a long way to go to reach the peak of the current cycle

The former CEO of China’s largest cryptocurrency exchange BTCC expects a strong growth of the in the next few months:

“We are in a super-bullish cryptocurrency cycle and have not seen its maximum yet. Interest in the market has been growing throughout the year, and in April we observed a mini-peak. There is a good chance that we will see good growth either at the end of this year or at the beginning of next. I believe that a rally may be waiting for us in December. And when we really reach the peak, everything will happen very quickly and the rate will easily exceed $150,000 – $200,000”

Lee called the reason for such a rapid growth of the growing interest of a wide audience in the cryptocurrency sector:

“The catalyst for a rally is usually good news. A lot of positive news may appear about regulatory issues or the pace of implementation. The cryptocurrency market is already huge, more than 100 million people own BTC or other assets. But this is not a traditional financial system, so the market is poorly reported in the mainstream media. With the advent of NFT, DeFi, dApps and DEX, even more people started working with cryptocurrencies

Therefore, when we see the peak, at this moment everyone will be talking about cryptocurrency. And we haven’t seen that yet. In my opinion, we are at the beginning of a bull market cycle.”

Lee gave advice on how to determine if a bullish cycle is approaching the top:

“We are near the top when the whole world is passionate about cryptocurrency, euphoria reigns everywhere and there is so much good news that no one believes in the end of the bull market. Do you think we are already near the top? We didn’t even get close.”

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