By the end of 2025, co-founder and head of research at Fundstrat Tom Lee expects Bitcoin (BTC) to rise to $250,000. In the erratic bitcoin market, he sees temporary price declines as usual and thinks they often set the path for fresh highs.
Lee projects a possible decline that would push the price of Bitcoin down to $70,000, a level he finds to be really strong support. Such pullbacks are common, he says, usually preceding significant events in digital assets.Bitcoin dropped momentarily below $90,000 on January 13 then recovered to $96,500. According to Lee, this kind of movement is anticipated and not cause for concern.
Lee is still positive about Bitcoin for 2025, pointing out important factors include a supportive legal climate under President Donald Trump’s government and stock market performance. Targeting a price range of $200,000 to $250,000, he finds Bitcoin to be one of the most sought-after assets with these elements in play.
This article first appeared on GuruFocus.
