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Bitcoin Pull Back ‘Very Healthy’ Says One Analyst

Written by:
Guest
Published on:
Dec/26/2017

Fundstrat Global Advisors Head of Research Tom Lee says he doesn’t think anyone should be surprised that the digital crypto-currency Bitcoin is pulling back considering it’s nearly tripled in the last six weeks.

While Bitcoin has nose dived over the past two weeks, the crypto-currency appeared to be on the rebound Tuesday, edging up near $16,000 by Tuesday evening (Eastern Standard Time). 

“I would say it is very healthy,” Lee said of the past two week’s dropoff. “Otherwise we’d be staring at a parabola that is gaining in acceleration.”

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