#Bitcoin falls below $90,000#
Hot Topic Overview
Overview
Bitcoin prices have recently fluctuated, dropping below $90,000 at one point before rebounding to $96,500, a gain of over 8%. Tom Lee, head of research at Fundstrat, believes that the short-term correction in Bitcoin is normal and expects the price to reach $250,000 by the end of the year. He points out that the current decline in Bitcoin is relatively small, indicating that the asset is becoming more mature. Lee believes that $70,000 is a strong support level, and if it does not hold, the $50,000 level may be tested. Despite the short-term pullback, Lee remains bullish on Bitcoin’s long-term prospects and expects it to become one of the most prominent assets in 2025.
Ace Hot Topic Analysis
Analysis
Bitcoin's recent drop below $90,000 has drawn market attention. While a short-term pullback has occurred, Tom Lee, Head of Research at Fundstrat, believes this is a normal correction and expects Bitcoin to reach a high of $250,000 by the end of the year. He points out that Bitcoin's current drop of about 15%-20% is significantly less than during previous bull markets, suggesting the asset is becoming more mature. Lee considers $70,000 a strong support level, and if that doesn't hold, it could test the $50,000 level. Despite the short-term pullback, Lee remains bullish on Bitcoin's long-term prospects, believing it will be one of the most prominent assets by 2025.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Bitcoin's short-term adjustment is normal and a normal correction for a volatile asset.
Bitcoin's current decline is relatively small, indicating that it is becoming more mature.
70,000 US dollars is a strong support level for Bitcoin, and 50,000 US dollars is a potential test level.
Tom Lee remains bullish on Bitcoin and expects it to reach 200,000 to 250,000 US dollars by the end of the year.