Bitcoin price trading in a range below $7,000: Tom Lee tells cryptocurrency investors to hold on, Bitcoin will hit $25,000 end of 2018

Bitcoin price is down 7.8% in the last 24 hours on Friday afternoon GMT. The 50 Simple Moving Average is now acting as the immediate resistance level. The price is, however, lacking a catalyst to sustain it above the pivotal $7,000. The industry’s top analyst Tom Lee, has released his new review of Bitcoin. He says that Bitcoin will come out of the descending channel to hit $25,000 by the end of this year. He further tells the investors to hold on to their Bitcoin in order realize good profits.

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