#Bitcoin falls below 90,000#
Hot Topic Overview
Overview
Bitcoin prices have fluctuated recently, briefly dipping below $90,000 before rebounding more than 8%. Analysts believe this adjustment is normal, with Bitcoin experiencing a relatively small decline in the current cycle, suggesting the asset is becoming more mature. Fundstrat Head of Research Tom Lee remains bullish on Bitcoin, predicting a year-end price of $250,000. He considers $70,000 a strong support level, which if breached, could test the $50,000 level. Despite the short-term pullback, Lee still believes Bitcoin will be one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent drop below $90,000 has sparked market attention. Fundstrat head of research Tom Lee believes the current correction in Bitcoin is normal and expects the cryptocurrency to reach $250,000 by the end of the year. He noted that the decline in Bitcoin during the current cycle has been relatively small, about 15%-20%, far less than during previous bull markets, indicating the asset is becoming more mature. Lee believes $70,000 is a strong support level, and if it 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 expects it to 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, a natural pullback for a volatile asset.
Bitcoin's pullback has been relatively small, indicating it is becoming more mature.
70,000 USD is a strong support level, and if it breaks, it could 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.