#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, but Fundstrat research head Tom Lee believes this is just a normal correction and expects Bitcoin to reach $250,000 by the end of the year. He believes $70,000 is a strong support level, and if it breaks, it could test the $50,000 level. Despite the recent pullback in the short term, Lee remains bullish on Bitcoin, believing it will become one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent dip below $90,000 has drawn market attention. Tom Lee, head of research at Fundstrat, believes the current correction in Bitcoin is normal and points to $70,000 as a strong support level. He expects Bitcoin to reach $200,000 to $250,000 by the end of the year and considers $90,000 still a good entry point. Lee notes that Bitcoin's drop in the current cycle has been relatively small, around 15%-20%, significantly less than previous bull market declines, suggesting the asset is maturing. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term prospects, considering it one of the most prominent assets in 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin dropping below $90,000 is a normal adjustment, and volatile assets will experience this phenomenon.
Bitcoin's decline is relatively small, indicating it is becoming more mature.
$70,000 is a strong support level, and a break below could test the $50,000 level.
Bitcoin remains bullish, with an expected year-end target of $200,000 to $250,000.