Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End

Bitcoin (BTC) is experiencing volatility, fluctuating between $90,000 and $100,000, which influences investor sentiment from fear to greed. After dipping below $90,000, it rose over 8% to above $96,500. Fundstrat's Tom Lee views this correction as typical for such a volatile asset, noting that current drawdowns are milder than in previous cycles. He identifies $70,000 as a key support level, with potential for testing $50,000 if it fails. Despite short-term fluctuations, Lee remains optimistic, predicting Bitcoin could reach $200,000 to $250,000 by year-end 2025. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk