Pro-Bitcoin analyst Thomas Lee believes Bitcoin could double in value in 2025, despite recent market volatility and the cryptocurrencyโs dip below $100,000.
Speaking with CNBC, Fundstrat head of research Thomas Lee reiterated his $250,000 year-end price forecast for Bitcoin (BTC). He expressed confidence that Bitcoin will be one of the best-performing assets in 2025, regardless of short-term fluctuations.
Volatility rocked BTC and crypto markets this month as the post-election honeymoon ended. Bitcoin dipped 15% from its all-time high of $108,000, changing hands for about $95,600 by publishing time.
The pattern is a โnormal correction,โ Bitcoin bull Lee said in the interview. Indeed, the brief decline is moderate compared to previous cycles. On-chain data showed as high as 35% to 55% correction in the past.
Could Bitcoin recover in February?
While Bitcoin advocates like Lee remain bullish, other analysts are predicting a swift recovery for the asset in February.
Experts suggest that Bitcoin may consolidate between $90,000 and $100,000 before its next upward move. In an email to crypto.news, B2BINPAY CEO Arthur Azizov projected that Bitcoin could retake the $102,000 level and trigger a broader market rally next month.
Azizov echoed Leeโs view on the importance of consolidation and corrections, arguing that these phases are necessary for sustainable growth.
What is happening right now is a natural phase in the market. Bitcoin, like many other assets, has left a lot of liquidity at the bottom. At the moment, many assets have already absorbed the liquidity that was there, which suggests that weโre at a logical stage of the market โ growth doesnโt happen without a correction.
Arthur Azizov, B2BINPAY CEO
The crypto veteran also warned against timing the market, opting to adopt a long-term holding strategy in case of unexpected drawdowns to lower levels. Similarly, Lee said BTC may retest $70,000, or even $50,000, citing Fibonacci analysis, which tracks possible retracement levels.
