Fundstrat: Bitcoin could drop to $70,000, but the current price could be a "good entry point" #Bitcoin❗

Tom Lee of Fundstrat claims that those who buy Bitcoin around $90,000 now will not "lose money" in the long term.

Fundstrat: Bitcoin could drop to $70,000, but the current price could be a "good entry point"

NEWS

Despite a warning from analysts that Bitcoin could fall below $70,000, the current price of the asset at $90,000 remains a "good entry point" for long-term investors, according to the chief investment officer of Fundstrat Capital.

"I don't think anyone will lose money buying here at $90,000. If they are trying to time it, maybe they'll get lucky and it will drop to $70,000," Tom Lee said in an interview on January 13 with CNBC, adding that Bitcoin

BTC

tickers down

€93,980

will be "one of the best-performing assets of the year."

At the time of the interview, Bitcoin was trading at $91,662. Lee said that although Bitcoin may be 15% below its all-time high, this is a "rather normal correction" for a "hyper-volatile asset."

"We are quite early in this halving cycle, so for me, I believe that Bitcoin in the short term [...] means you have a great opportunity because I think Bitcoin will be one of the best-performing assets this year."

Lee said his firm considers a scenario where Bitcoin retreats to the $70,000 range before bouncing back, although another scenario could see Bitcoin drop to the $50,000 range.

"But that, again, is not a new level; it's just where it touches before starting to bounce back," Lee said.

Meanwhile, 10x Research founder Markus Thielen expects the "high inflation narrative" to continue over the coming weeks, creating headwinds for Bitcoin, which, according to him, could drop to $69,000 if certain resistance levels are breached.

Lee said the next key date for Bitcoin and the stock market will be January 15, when the Consumer Price Index inflation data is released, and he recommended investors to "hold" through any short-term volatility.

Fears that the U.S. Federal Reserve may tighten monetary policy in 2025, rising Treasury yields, and a strengthening U.S. dollar have contributed to the recent correction in Bitcoin's price, analysts have noted in recent weeks.

The Federal Reserve will release its first interest rate decision for 2025 on January 29.

However, despite the short-term headwinds, asset managers VanEck and Bitwise expect Bitcoin to reach between $180,000 and $200,000 by the end of 2025, especially if the U.S. establishes a Bitcoin reserve.

Currently, Bitcoin is trading at $94,650, an increase of 5.4% from $89,800 in the last 11 hours, when it briefly fell below $90,000 for the first time since November 19, according to CoinGecko data.

Conclusion: do not be 100% invested, it's always good to have some liquidity in case the market falls and above all $BTC , don't get too carried away by FOMO and remember to take profits!!! (This is not investment advice, it's just my opinion)