Tom Lee Revises Bitcoin Price Target: Tom Lee, BitMine Chair and Fundstrat CIO, has shifted from his previous $250K year-end target for Bitcoin, now suggesting it will likely remain above $100K by year-end and may reach a new all-time high by the end of 2025.
Market Downtrend Influences Predictions: Following a significant market liquidation event that caused Bitcoin's price to drop over 19% in a month, Lee's outlook has changed, marking the first time he has not maintained his bullish $250K prediction.
Potential for Future Gains: Despite the current downtrend, Lee believes Bitcoin's strongest performance is yet to come, emphasizing that the asset typically experiences major gains in just a few trading sessions each year.
Technical Indicators Suggest Rally: Recent bullish signals on Bitcoin's daily chart, including a positive MACD crossover and rising Relative Strength Index, indicate potential for a year-end rally, with resistance levels around $94K and a possible target of $105K.
