{"id":7566,"date":"2025-01-14T12:16:57","date_gmt":"2025-01-14T12:16:57","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7566"},"modified":"2025-01-14T12:16:57","modified_gmt":"2025-01-14T12:16:57","slug":"bitcoin-bull-tom-lee-sees-btc-reaching-as-high-as-250k-by-year-end","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7566","title":{"rendered":"Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End"},"content":{"rendered":"<div>\n<p>The consolidation between $90,000 and $100,000 for bitcoin (BTC), continues to play with investor sentiment, swinging from fear to greed.<\/p>\n<p>On Monday, bitcoin fell below $90,000, while it is above $96,500 on Tuesday, up over 8% . Bitcoin bull Tom Lee, head of research at Fundstrat, told CNBC on Monday that he sees this current correction in bitcoin as normal.<\/p>\n<p>&#8220;Bitcoin is down 15% from its highs for a volatile asset, which is a normal correction,&#8221; he said.<\/p>\n<p>Glassnode data shows that bitcoin in this current cycle has seen relatively mild drawdowns of around 15%-20%, much smaller than previous bull market drawdowns, which saw as much as 30%-50% drawdowns, showing the asset is becoming more mature.<\/p>\n<p>According to Lee, $70,000 is a line in the sand, which is a strong support level. They refer to a methodology called Fibonacci levels, or retracement periods, essentially where bitcoin pulls back from where it started its rally. Lee also believes the $50,000 level can be tested if the prior $70,000 levels do not hold. Common Fibonacci levels from the all-time high that analysts look for are 23.6%, 38.2%, 50% and 61.8%<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.sanity.io\/images\/s3y3vcno\/production\/b6d02815ff95241d3b30ff9de7844c6bd10f9870-1800x1013.png\" alt=\"\"><\/p>\n<p>Despite a short-term correction, Lee still thinks bitcoin will be one of the standout assets for 2025 and remains bullish on end-of-year targets of $200,000 to $250,000.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The consolidation between $90,000 and $100,000 for bitcoin (BTC), continues to play with investor sentiment, swinging from fear to greed. On Monday, bitcoin fell below $90,000, while it is above $96,500 on Tuesday, up over 8% . Bitcoin bull Tom Lee, head of research at Fundstrat, told CNBC on Monday that he sees this current [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7566","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7566"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7566\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}