#Bitcoin falls below $90,000#
Hot Topic Overview
Overview
Bitcoin has been trading sideways between $90,000 and $100,000 recently, with investor sentiment fluctuating. However, Fundstrat's head of research, Tom Lee, believes the current correction is normal and expects Bitcoin to reach $200,000 to $250,000 by the end of the year. He believes $70,000 is a strong support level, and a break below it could test the $50,000 level. Despite the short-term pullback, Lee remains bullish on Bitcoin, believing it will be one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Despite Bitcoin's recent dip below $90,000, market sentiment remains optimistic. Tom Lee, head of research at Fundstrat, believes the current correction in Bitcoin is normal and expects Bitcoin to reach $250,000 by the end of the year. He points out that Bitcoin's decline is relatively small, far less than the drop during previous bull markets, indicating that the asset is becoming more mature. He believes $70,000 is a strong support level and if that level does not hold, it 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.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's pullback is a normal adjustment and is a normal performance of a volatile asset.
Bitcoin's decline is relatively small, indicating that the asset is becoming more mature.
70,000 USD is a strong support level, if broken it may test the 50,000 USD level.
Bitcoin is still poised to be one of the most prominent assets in 2025, with a year-end target of 200,000 to 250,000 USD.