#Bitcoin falls below 90,000#
Hot Topic Overview
Overview
Bitcoin has recently experienced volatility, falling below $90,000, but analysts see it as a normal short-term correction. Tom Lee, head of research at Fundstrat, said that the current decline in Bitcoin is relatively small, much smaller than the drops during previous bull markets, indicating that the asset is becoming more mature. He expects Bitcoin to reach a high of $250,000 by the end of the year and believes $70,000 is a strong support level. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term prospects, believing it will become one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent drop below $90,000 has raised market concerns. While there has been a short-term pullback, Fundstrat Research Head Tom Lee believes this is a normal correction and expects Bitcoin to reach a high of $250,000 by the end of the year. He notes that Bitcoin's current decline is relatively small, at around 15%-20%, significantly lower than previous bull market drops, indicating that the asset is becoming more mature. He believes $70,000 is a strong support level, and if it fails to hold, it could test the $50,000 level. Despite short-term volatility, 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, belonging to a normal volatility asset retracement
Bitcoin's decline in the current cycle 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, expecting it to reach 200,000 to 250,000 USD by the end of the year