According to Bitcoin proponent Thomas Lee, there’s a strong possibility that Bitcoin’s worth might nearly double by the year 2025, even given the current market fluctuations and the temporary fall in its value below $100,000.
In an interview with CNBC, Thomas Lee, head of research at Fundstrat, restated his prediction that Bitcoin’s value could reach $250,000 by the end of this year. He remains optimistic that Bitcoin will rank among the top-performing investments in 2025, despite any short-term market ups and downs.
This month, the cryptocurrency market, including BTC, experienced turbulence as the post-election euphoria subsided. The price of Bitcoin dropped approximately 15% from its record high of $108,000, reaching around $95,600 by the time this information was published.
Lee, a Bitcoin optimist, referred to the pattern as a “typical adjustment” during his recent interview. Notably, this recent dip is relatively mild when compared to historical market fluctuations. Previous cycles have seen corrections ranging from 35% to 55%.
Could Bitcoin recover in February?
Although Bitcoin supporters such as Lee maintain optimistic views, some analysts foresee a quick rebound for the asset in February.
As an analyst, I’m sharing my perspective based on expert insights: Bitcoin might stabilize in a range of $90,000 to $100,000 for the coming days before making its next significant upward jump. In a recent communication with crypto.news, B2BINPAY CEO Arthur Azizov foresees that Bitcoin could recapture the $102,000 mark and potentially ignite a broader market surge in the upcoming month.
Azizov mirrored Lee’s perspective, emphasizing that consolidation and corrections are vital for long-term development, a belief he strongly advocated.
Currently, we’re witnessing a typical cycle in the market where Bitcoin, much like other investments, has created a pool of liquidity at its lowest point. At present, numerous assets have been drawing in this available liquidity, signifying that we might be at a rational phase in the market – growth doesn’t occur without a readjustment or correction first.
Arthur Azizov, B2BINPAY CEO
The seasoned crypto expert advised against trying to predict market fluctuations, instead advocating for a prolonged investment strategy that can withstand potential drops to lower values. In the same vein, Lee suggested that Bitcoin could dip as low as $70,000 or even $50,000 based on Fibonacci analysis, which identifies potential points of retracement.
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2025-01-14 20:44