Tom Lee, head of research at Fundstrat, is maintaining a bullish stance on Bitcoin's price, predicting it could reach between $200,000 to $250,000 by the end of 2025. Despite anticipating a short-term correction that could see Bitcoin drop to around $70,000 based on Fibonacci retracement levels, he views this as a normal fluctuation. After a dip below $90,000, Bitcoin has rebounded to surpass $96,500, illustrating the volatility of investor sentiment. Lee highlighted that current drawdowns are relatively mild compared to previous cycles, suggesting Bitcoin’s maturation in the market. He has identified $70,000 as a significant support level, with a potential test of $50,000 if this support fails. Lee remains optimistic that Bitcoin will be a leading asset throughout 2025, reinforcing his projections for substantial year-end gains.

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