#Bitcoin plunges below $90,000#
Hot Topic Overview
Overview
Bitcoin has recently experienced volatility, dipping below $90,000 before rebounding to $96,500. Tom Lee, head of research at Fundstrat, believes that this short-term correction is normal and anticipates Bitcoin reaching $250,000 by year-end. He points out that Bitcoin's decline in the current cycle has been relatively small, suggesting that the asset is becoming more mature. Despite the recent pullback, Lee remains bullish on Bitcoin's long-term prospects, believing it will be one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin recently fell below $90,000, drawing market attention. Despite the short-term pullback, Fundstrat Research Head Tom Lee believes this is a normal adjustment and expects Bitcoin to reach $250,000 by the end of the year. He pointed out that the current decline in Bitcoin is only 15%-20%, far lower than the declines during previous bull markets, indicating the asset is becoming more mature. Lee believes $70,000 is a strong support level, and if it fails to hold, it could test the $50,000 level. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term prospects and believes it will be one of the most prominent assets in 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's short-term correction is normal and is a normal pullback for a volatile asset.
Bitcoin's decline is relatively small, indicating it is becoming more mature.
70,000 USD is a strong support level for Bitcoin, a break below it could test the 50,000 USD level.
Tom Lee remains bullish on Bitcoin, expecting it to reach 250,000 USD by the end of the year.