The co-founder and head of research at Fundstrat Global Advisors says Bitcoin ( BTC ) needs to crash out a bit harder before bouncing back in a big way. In a new interview with CNBC, Tom Lee makes his case for why he thinks BTC will be a top-performing asset this year after it falls a bit further. “Bitcoin is down roughly 15% from its highs, which for a hyper-volatile asset is a normal correction and follows global liquidity trends. We are early in the halving cycle.” According to Lee, Fundstrat’s crypto technicians think the crypto king may drop another $20,000 in value before correcting. “Our technician thinks $70,000 is where we make a stand. I think Bitcoin is one of the best-performing assets. When asked whether it will drop to $70,000 or if that’s the floor, the response was that $70,000 is one level of retracement, where Bitcoin might pull back from a rally.” However, according to Lee, BTC could potentially drop even lower. “It could go as low as the $50,000 [range], but that wouldn’t be a new level; it’s where it touches before beginning to rally again. For those considering buying Bitcoin at these prices, the suggestion is that Bitcoin is a long-term investment. If they’re trying to time the market, they might get lucky and it could reach $70,000.” Bitcoin is worth $91,731 at time of writing, down 10% during the week. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Bitcoin Primed To Be One of the Best-Performing Assets in 2025, Says Fundstrat’s Tom Lee – But There’s a Catch appeared first on The Daily Hodl .
