#Bitcoin falls below $90,000#
Hot Topic Overview
Overview
Bitcoin's price has recently fluctuated, dropping below $90,000 before rebounding to $96,500, drawing market attention. Despite a short-term pullback, Tom Lee, head of research at Fundstrat, believes the correction is normal and expects Bitcoin to reach a high of $250,000 by the end of the year. He points out that the decline in Bitcoin's price during the current cycle is relatively small, indicating that the asset is becoming more mature. However, analysts also remind investors of potential risks, noting that $70,000 and $50,000 are possible support levels. Overall, the market remains optimistic about Bitcoin's future trajectory, but investors should exercise caution and closely monitor market dynamics.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent dip below $90,000 has sparked market attention. Tom Lee, head of research at Fundstrat, believes the current correction in Bitcoin is normal and expects the cryptocurrency to reach a high of $250,000 by the end of the year. He pointed out that Bitcoin's 15% decline from its peak is a normal pullback and is far less than the 30%-50% declines seen during previous bull markets, suggesting that the asset is becoming more mature. Lee believes that $70,000 is a strong support level and if it breaks below this level, it could test the $50,000 level. Despite the near-term pullback, Lee remains bullish on Bitcoin's long-term outlook 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
The short-term correction of Bitcoin is normal, which is a normal pullback for a volatile asset.
Bitcoin's current decline is relatively small, indicating that the asset is becoming more mature.
70,000 USD is a strong support level for Bitcoin, and if it breaks below this level, 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.