Despite warnings of a potential dip to $70,000, Fundstrat’s Tom Lee believes Bitcoin’s current price of $90,000 offers a solid long-term investment opportunity. Speaking to CNBC, Lee said the recent 15% correction is “normal” for the volatile asset, predicting Bitcoin will be “one of the best-performing assets of the year.”
Lee acknowledges Bitcoin could briefly fall to $70,000—or even $50,000—but remains confident in a strong rebound. Analysts also point to upcoming CPI inflation data on Jan. 15 and the Federal Reserve’s Jan. 29 interest rate decision as key drivers for Bitcoin’s short-term movements.
Despite current headwinds, firms like VanEck and Bitwise maintain Bitcoin could reach $200,000 by the end of 2025. Bitcoin is trading at $94,650, up 5.4% in the past 11 hours after briefly dipping below $90,000.
Source: Cointelegraph
