#Bitcoin falls below $90,000#
Hot Topic Overview
Overview
Bitcoin has recently experienced price fluctuations, dropping below $90,000 at one point before rebounding to $96,500, representing a gain of over 8%. Tom Lee, head of research at Fundstrat, believes this short-term correction is normal and anticipates Bitcoin reaching $250,000 by the end of the year. He notes that Bitcoin's decline in the current cycle has been relatively small, suggesting 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 by 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent dip below $90,000 has drawn market attention. Despite the short-term pullback, Fundstrat research head Tom Lee believes it is just a normal correction and expects Bitcoin to reach a high of $250,000 by year-end. He pointed out that Bitcoin's current decline of about 15%-20% is far less than previous bull market declines, indicating the asset is becoming more mature. Lee also believes that $70,000 is a strong support level, and if it fails to hold, it could test the $50,000 level. Despite the short-term volatility, Lee remains bullish on Bitcoin's long-term outlook, believing it will be one of the most prominent assets by 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's short-term correction is normal, which is a normal pullback for a volatile asset.
Bitcoin's decline is relatively small, suggesting that the asset is becoming more mature.
70,000 dollars is a strong support level. If it breaks, it could test the 50,000 dollar level.
Tom Lee remains bullish on Bitcoin and expects it to reach 200,000 to 250,000 dollars by the end of the year.