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Tom Lee Predicts Bitcoin Will Reach $250,000 by End of 2025
Tom Lee, managing partner at Fundstrat, predicts Bitcoin will reach $250,000 by the end of 2025, despite recent price drops below $90,000. He views a 15% decline from its all-time high of $108,000 as normal for a volatile asset.
- Short-term outlook: Lee suggests Bitcoin could drop to $70,000 based on Fibonacci retracement levels.
- Long-term perspective: He believes Bitcoin will perform well in 2025, possibly reaching $200,000 to $250,000.
- Current price: Bitcoin trades at $92,051.04, down 3.21% in 24 hours and 9.24% over the past month.
- Market cap: Bitcoin's market cap is $1.82 trillion.
- RSI analysis: The weekly RSI is at 60.86, indicating bullish control but potential selling pressure.
Lee advises investors to focus on long-term gains, stating that buying at current prices may still be beneficial.