#Bitcoin dips below $90,000#
Hot Topic Overview
Overview
Bitcoin has recently pulled back, falling below $90,000, but analysts generally believe this is a normal adjustment and expect Bitcoin to reach a high of $250,000 by the end of the year. Tom Lee, Head of Research at Fundstrat, said Bitcoin's volatility is normal and the current decline is far less than the declines during previous bull markets, indicating that the asset is becoming more mature. He believes $70,000 is a strong support level, and if it doesn't hold, it could test the $50,000 level. Despite the short-term pullback, Lee remains optimistic about Bitcoin's long-term prospects and expects it to become one of the most prominent assets by 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent drop below $90,000 has sparked market concern. While a short-term pullback has emerged, analysts generally view it as a normal adjustment that won't change the long-term bullish trend for Bitcoin. Fundstrat Head of Research Tom Lee says the current decline in Bitcoin is only 15%-20%, far less than previous bull market declines, indicating that the asset is becoming more mature. He believes $70,000 is a strong support level, and if it fails, the $50,000 level could be tested. Still, Lee remains bullish on Bitcoin's future and expects it to hit a high of $250,000 by year-end. He believes Bitcoin will be one of the most prominent assets in 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The short-term correction of Bitcoin is normal and is a normal pullback for a volatile asset.
The correction of Bitcoin is relatively small, indicating that the asset is becoming more mature.
70,000 USD is a strong support level, and a break below it could test the 50,000 USD level.
Tom Lee remains bullish on Bitcoin and expects it to reach 200,000 to 250,000 USD by the end of the year.