#Bitcoin dips below 90,000#
Hot Topic Overview
Overview
Bitcoin prices have recently fluctuated, falling below $90,000 at one point before rebounding to $96,500, a gain of over 8%. While there has been some short-term pullback, Tom Lee, head of research at Fundstrat, believes the correction in Bitcoin is normal and expects the price to reach $250,000 by the end of the year. He believes $70,000 is a strong support level and if it fails, it could test the $50,000 level. Despite the market volatility, Tom 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's price has been volatile recently, dropping below $90,000 before rebounding to $96,500, drawing market attention. Tom Lee, head of research at Fundstrat, believes that the short-term correction in Bitcoin is normal, and he expects Bitcoin to reach a peak of $250,000 by the end of the year. He points out that the current drop in Bitcoin is relatively small, around 15%-20%, significantly lower than the drops during previous bull markets, indicating the asset is becoming more mature. Lee believes that $70,000 is a strong support level, and if it doesn't hold, the $50,000 level may be tested. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term prospects, believing 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 adjustment is normal and a normal pullback for a volatile asset.
Bitcoin's current correction is relatively small, indicating that the asset is becoming more mature.
70,000 USD is a strong support level for Bitcoin. If it breaks down, it may 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.