Pro-Bitcoin analyst Thomas Lee believes that Bitcoin's value could double in 2025, despite recent market volatility and the cryptocurrency falling below $100,000.
Speaking with CNBC, Thomas Lee, head of Fundstrat research, confirmed his forecast for a year-end Bitcoin price of $250,000 (Bitcoin). He expressed confidence that Bitcoin will be one of the best-performing assets in 2025, regardless of short-term fluctuations.
Volatility has rocked bitcoin and cryptocurrency markets this month as the post-election honeymoon comes to an end. Bitcoin has fallen 15% from its all-time high of $108,000, and was trading at around $95,600 by press time.
The Bitcoin bull told me this pattern is a “natural correction.” interview. In fact, the short decline was moderate compared to previous cycles. On-chain data has shown a correction of up to 35% to 55% in the past.
Can Bitcoin recover in February?
While Bitcoin advocates like Lee remain optimistic, other analysts expect a quick rebound for the asset in February.
Experts suggest that Bitcoin may consolidate between $90,000 and $100,000 before its next upward move. In an email to crypto.news, B2BINPAY CEO Arthur Azizov predicted that Bitcoin would reclaim the $102,000 level and lead to a broader market rally next month.
Azizov echoed Lee's view on the importance of consolidation and adjustment, arguing that these stages are necessary for sustainable growth.
What is happening now is a normal phase in the market. Bitcoin, like many other assets, has left a lot of liquidity at the bottom. At the moment, many assets have already absorbed the liquidity that was there, which suggests that we are at a logical stage of the market - growth does not happen without a correction.
Arthur Azizov, CEO of B2BINPAY
The cryptocurrency expert also cautioned against timing the market, opting to adopt a long-term holding strategy in case of unexpected drawdowns to lower levels. Likewise, Lee said Bitcoin could retest $70,000, or even $50,000, citing Fibonacci analysis, which tracks potential retracement levels.
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