Pro-Bitcoin analyst Thomas Lee believes that Bitcoin could double in value by 2025, despite recent market volatility and the cryptocurrency’s drop below $100,000.
In an interview with CNBC, Thomas Lee, the head of research at Fundstrat, reaffirmed his year-end price forecast of $250,000 for Bitcoin (BTC). He expressed confidence that Bitcoin will be one of the top-performing assets in 2025, regardless of short-term fluctuations.
Bitcoin and the crypto markets experienced significant volatility this month as the post-election period came to an end. Bitcoin dropped by 15% from its all-time high of $108,000, trading at around $95,600 at the time of publication.
According to Bitcoin bull Thomas Lee, this decline is a “normal correction.” In fact, compared to previous cycles, the recent dip is relatively moderate. On-chain data has shown corrections of up to 35% to 55% in the past.
Can Bitcoin recover in February?
While Bitcoin advocates like Lee remain optimistic, other analysts are predicting a quick recovery for the cryptocurrency in February.
Experts suggest that Bitcoin may consolidate between $90,000 and $100,000 before its next upward movement. B2BINPAY CEO Arthur Azizov stated in an email to ethdaily.net that Bitcoin could reclaim the $102,000 level and trigger a broader market rally next month.
Azizov shares Lee’s view on the significance 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 we’re at a logical stage of the market — growth doesn’t happen without a correction.” – Arthur Azizov, B2BINPAY CEO
The crypto veteran also cautioned against timing the market, advocating for a long-term holding strategy in case of unexpected downturns to lower levels. Similarly, Lee mentioned that BTC could potentially retest $70,000 or even $50,000, based on Fibonacci analysis that tracks possible retracement levels.