#Bitcoin falls below $90,000#
Hot Topic Overview
Overview
Bitcoin's recent dip below $90,000 has drawn market attention. However, Tom Lee, head of research at Fundstrat, believes this short-term correction is normal and expects Bitcoin to reach $250,000 by the end of the year. He pointed out that Bitcoin's decline was relatively small, indicating it's becoming more mature. Lee believes $70,000 is a strong support level, and a break below 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.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent dip below $90,000 has sparked market attention. However, Tom Lee, head of research at Fundstrat, believes the current correction is normal and expects Bitcoin to reach $250,000 by year-end. He points out that Bitcoin's 15% drop from its peak is a normal correction for a volatile asset and is smaller than previous declines during bull markets (30%-50%), indicating that Bitcoin is becoming more mature. Lee believes $70,000 is a strong support level, and if that level fails, it could test the $50,000 level. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term outlook, believing it will become one of the most prominent assets by 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Short-term adjustments in Bitcoin are normal and belong to normal fluctuations in asset adjustments.
The current drop in Bitcoin is relatively small, indicating that the asset is becoming more mature.
70,000 USD is a strong support level for Bitcoin. If it breaks below 70,000 USD, it may test the 50,000 USD level.
Bitcoin remains bullish, and is expected to reach 200,000 to 250,000 USD by the end of the year.