Tom Lee, Head of Research at Fundstrat, has boldly issued a major Bitcoin (BTC) prediction. Lee, a strong Bitcoin proponent, said the flagship cryptocurrency could hit $250,000 per coin by the end of 2025. Tom Lee’s Bold BTC Forecast On Monday, Bitcoin’s value declined below $90,000, suggesting a bearish market sentiment. However, the price soon picked up, currently trading at $95,793, demonstrating a 5.7% increase in the last 24 hours. In a recent CNBC interview , Tom Lee said the coin’s current correction does not call for concern. He reiterated that BTC is down 15% from its highs, which he sees as a normal correction for a volatile asset. Glassnode, an onchain market intelligence data platform, further reinforces Lee’s opinion about Bitcoin. According to Glassnode data, the coin has seen relatively moderate drawdowns of 15%–20% during the ongoing cycle. Meanwhile, in previous bull market drawdowns, BTC saw drawdowns reaching 30%-50%, suggesting the asset is becoming more mature. Bitcoin Price Analysis After analyzing the coin’s price direction, Lee said that Bitcoin has found strong support at the $70,000 level. Lee determined the support based on the BTC Fibonacci sequence, which traders use to predict price movements. The Fundstrat researcher thinks Bitcoin can retest $50,000 if the $70,000 level does not hold. The common Fibonacci levels from the all-time high that analysts typically watch for are 23.6%, 38.2%, 50%, and 61.8%. Despite the short-term market correction, Lee is optimistic about Bitcoin’s future. He believes BTC will become one of the market’s top assets in 2025. He, therefore, forecasted that BTC could rally between $200,000 and $250,000 by the end of the year. Meanwhile, Tom Lee is among several others who have forecasted huge outcomes for Bitcoin. VanEck, a global investment asset management firm, predicted that Bitcoin could hit $180,000 this year. Others claim a 130% rally similar to the 2021 cycle could push Bitcoin prices above $200,000 by year-end. Analyzing Bitcoin’s Recent Price Dip Bitcoin’s latest drop below $90,000 has sparked discussions among market analysts. Notably, crypto analyst Axel Bitblaze opined that the Bitcoin corrections in January are common after a halving event . The analyst cited similar instances in 2017 and 2021, when Bitcoin experienced notable January declines, only to stage dramatic comebacks later in the cycle. The post Bitcoin to Hit $250,000 By Year-End: Fundstrat’s Tom Lee appeared first on TheCoinrise.com .
