Share this article
Bitcoin Bull Tom Lee Sees BTC Reaching as High as $250K by Year-End
Fundstrat's head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target.
Jan 14, 2025, 12:07 p.m.
What to know:
- Fundstrat's Head of research Tom Lee, calls for end of year target for bitcoin between $200,000 to $250,000
- Tom Lee sees a potential short-term correction based on Fibonacci levels for bitcoin as low as $70,000.
The consolidation between $90,000 and $100,000 for bitcoin , 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 correction in bitcoin as normal.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"Bitcoin is down 15% from its highs for a volatile asset, which is a normal correction," he said.
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.
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%
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.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Stumbles Back Below $90K as Dollar Sinks to 7-Week Low After Fed Rate Cut
The U.S. dollar, along with precious metals and bond yields, is reacting as expected to easier financial conditions, but crypto remains in a bearish trend.
What to know:
- The U.S. dollar index (DXY) has fallen to a seven week low following the Fed's rate cut on Wednesday.
- Precious metals are soaring and bond yields are falling.
- Bitcoin remains stuck in a downtrend, falling back below $90,000 after the briefest of rallies.
Top Stories
