Thomas Lee, the head of research at Fundstrat, remains highly optimistic about Bitcoin’s future, despite the recent volatility in the market. Lee has maintained his $250,000 year-end price forecast for Bitcoin, asserting that it will be one of the best-performing assets in 2025. His confident outlook comes even as Bitcoin experiences a dip below $100,000, with the cryptocurrency trading around $95,600 at the time of publication, down 15% from its all-time high of $108,000.
Lee referred to the recent dip as a “normal correction,” pointing out that price fluctuations are typical in Bitcoin’s market cycles. He emphasized that these short-term drops, although unsettling, are relatively mild when compared to previous corrections, which have seen declines ranging from 35% to 55%.
Despite the current dip, Bitcoin advocates like Lee remain optimistic. Other analysts, including B2BINPAY CEO Arthur Azizov, share the sentiment, predicting a potential recovery for Bitcoin in February. Azizov believes Bitcoin could consolidate between $90,000 and $100,000 before making its next upward move. He also noted that consolidation and corrections are part of a healthy market cycle, necessary for long-term growth.
Azizov further explained that many assets have already absorbed liquidity from the market’s recent pullback, which he believes signals that the market is at a “logical stage” for growth. He stressed that investors should avoid trying to time the market and instead focus on a long-term strategy, especially in the face of potential drawdowns.
Similarly, Lee suggested that Bitcoin could retest levels as low as $70,000 or even $50,000 before continuing its upward trajectory. His analysis is based on Fibonacci retracement levels, which track potential price retracement patterns.
Both analysts remain steadfast in their belief that Bitcoin’s long-term prospects are strong, despite the short-term fluctuations. Lee’s $250,000 target for Bitcoin in 2025 reflects his bullish outlook for the cryptocurrency’s future performance.