Summary
- Fundstrat strategist Tom Lee mentioned the possibility of Bitcoin (BTC) showing strength this year and reaching $200,000 to $250,000 by year-end.
- He assessed that despite the volatility, the decline in Bitcoin is seen as a normal correction, with $70,000 being a strong support line.
- It was reported that as Bitcoin stabilizes between $90,000 and $100,000, investor sentiment is changing from fear to greed.
Fundstrat strategist Tom Lee has predicted that Bitcoin (BTC) could reach $250,000 this year.
According to crypto media outlet CoinDesk on the 14th, Tom Lee stated, "Despite being a highly volatile asset, Bitcoin has only fallen 15% from its peak, which is a normal correction," adding, "Bitcoin is showing strength this year and could reach $200,000 to $250,000 by year-end."
He also did not rule out the possibility of further corrections. He predicted, "Bitcoin is forming a strong support line at $70,000 since it started its rally," and added, "If $70,000 breaks, it could test $50,000."
The media added, "As Bitcoin stabilizes between $90,000 and $100,000, investor sentiment is shifting from fear to greed."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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