Struggling bitcoin will double by midyear, Wall Street's Tom Lee says

Lee also pointed out that bitcoin's low for the year has typically occurred in the first two months of the calendar year. That was the case in six of the last seven years, he said. Historical performance of "alt-coins" such as Zcash and ripple after sharp drops also indicates investors should avoid them until late March, Lee said. Recent headlines about major companies getting into cryptocurrencies could also help prices.