Fun

Expert Sees Bitcoin Dipping To $50K While Bullish Momentum Persists

News Feed - 2025-01-16 07:01:33

Este artículo también está disponible en español.


After rocketing up to the highs of $108,000 in December 2024, Bitcoin now has fallen to about $96,000. This has led to renewed debate among analysts as to what this means for the leading cryptocurrency. Some think that it may all be a warning, but others, such as Fundstrat’s Tom Lee, are still bullish long-term. Related Reading Rebound Alert: US Bitcoin ETF Interest Picks Up Speed In 2025 1 day ago $50,000 The Worst-Case Scenario?


Recently, Tom Lee shared his opinions with CNBC during an interview as a response to the fears regarding Bitcoin’s latest retreat. He stated that corrections up to $70,000 or even down to $50,000 can happen. Corrections of this type, he continued, have become extremely frequent throughout Bitcoin’s history; hence long-term investors must consider them opportunities and not as problems.


It was with the mention of $50,000 that eyebrows were raised, but Lee’s confidence in Bitcoin’s strength remains unbroken. He said these corrections often prepares the stage for even stronger price recoveries, especially in a market as dynamic as crypto. A Bold Prediction Amid Uncertainty


Lee predicted that the price of Bitcoin might reach $200,000-$250,000 by the end of 2025, simply because he is convinced that this cryptocurrency will eventually serve as an economic hedge against instability and increase in adoption rates among institutional investors.


Lee also says the current price point of $90,000 will be an ideal entry point for anyone thinking long term. His reasoning is that Bitcoin’s underlying fundamentals remain strong, and the recent pullback hasn’t dented its broader growth narrative. BTC is now trading at $96,602. Chart: TradingView Inflation And Market Dynamics


Lee said that inflation fears are not yet critical, and temporary disruptions, such as natural disasters, can impact data. However, the cautious approach of the Federal Reserve to rate cuts gives room for optimism. A slower pace of inflation and strong earnings from major companies could boost risk assets, including Bitcoin, in the near term. Related Reading Ethereum Whales Absorb $1 Million Loss As Market Caution Intensifies 1 day ago Investor Sentiment And What’s Next


After Lee’s comment, Bitcoin rebounded a little; it came back to about $96,400. The rebound shows that the market participants were comforted by his analysis.


The lesson for investors is obvious: volatility will probably interrupt Bitcoin’s road of development, but overall the long-term future seems bright. Forecasts for the market range from $50,000 to $250,000, thereby presenting both risk and possibility.


The balancing act between fear and optimism will ultimately shape Bitcoin’s trajectory in the months to come.


Featured image from Shutterstock, chart from TradingView

News Feed

Inter-American Development Bank to Pilot Land Registries on Blockchain
After years of talking about it, the Inter-American Development Bank is for the first time testing out a blockchain for land registries. Next month, the global organization will emb
BlackRock updates Bitcoin ETF, adds 5 Wall Street firms
Ana Paula Pereira8 hours agoBlackRock updates Bitcoin ETF, adds 5 Wall Street firmsBlackRock’s new additions include ABN AMRO, Citadel Securities, Citigroup Global Markets, Goldman Sachs and UBS Securities.2846 Total v
Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal
Amaka Nwaokocha13 hours agoTornado Cash dev Alexey Pertsev seeks more funding for legal appealPertsev’s case is a pivotal moment for the crypto community and advocates of digital privacy.2197 Total views6 Total sharesL
Zhiyuan Sun8 hours agoBinance freezes Hamas-linked accounts after Israeli requestThe freeze does not affect Binance accounts owned by ordinary Palestinian civilians.4962 Total views25 Total sharesListen to article 0:00Ne
Bitcoin Halving Capitulation: ‘Mining Death Spirals Don’t Happen in Real Life,’ Says Report
Bitcoin Halving Capitulation: "Mining Death Spirals Don"t Happen in Real Life," Says Report As the bitcoin halving approaches, crypto-mining ‘death spirals’ and miner
David Attlee14 hours agoIMF director urges ‘financial inclusion’ via digitalizationIMF managing director Kristalina Georgieva says digitalization is “the most important way” to scale up financial inclusion.1605 T
Shiba Inu’s New Burn Portal Rewards SHIB Burners for Destroying Their Tokens
Shiba Inu"s New Burn Portal Rewards SHIB Burners for Destroying Their Tokens Shiba inu holders can now get rewards for burning their SHIB tokens as the project’s development
Price analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAX
Rakesh Upadhyay7 hours agoPrice analysis 6/14: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, SHIB, AVAXBitcoin and several altcoins are getting sold into rallies, increasing the risk of a downside breakdown.3481 Total views10
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System
Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citin
Altcoin Season Alert: Analyst Says December Surge Was The ‘Preview’, Don’t Miss The Movie
Este artículo también está disponible en español. The crypto market is gearing up for an explosive altcoin season, which could see major cryptocurrencies skyrocket to new
Spanish Crypto Exchange 2gether Won’t Reimburse All Stolen Funds From the 2020 Hack
Spanish Crypto Exchange 2gether Won"t Reimburse All Stolen Funds From the 2020 Hack Spanish cryptocurrency exchange 2gether has announced that it won’t com
ChatGPT launches AI-powered search engine prototype
Turner Wright4 hours agoChatGPT launches AI-powered search engine prototypeAccording to OpenAI, SearchGPT will give users a more intuitive search experience, allowing them to ask questions to refine a search as they woul