Bitcoin may still have steam for $250K this year: Fundstrat’s Tom Lee

Fundstrat co-founder and BitMine president Tom Lee said Bitcoin whitethorn inactive beryllium capable to scope $250,000 successful 2025, contempt different crypto analysts cautiously pulling backmost targets.

“I deliberation Bitcoin should truly physique upon this 120 earlier the extremity of the year. 200,000, maybe, 250,” Lee told Natalie Brunell connected the Coin Stories podcast connected Tuesday. 

Last November, Lee gave a 12-month deadline for Bitcoin (BTC) to reach $250,000.

Not each analysts are arsenic bullish arsenic Tom Lee

While analysts similar BitMEX co-founder Arthur Hayes and Unchained’s marketplace probe manager Joe Burnett person precocious echoed a akin terms people for the year, others person adopted a much cautious outlook with little than 5 months near until the extremity of 2025. 

In May, Bernstein and Standard Chartered acceptable their year-end Bitcoin targets astatine $200,000, portion 10x Research’s Markus Thielen precocious projected a much humble $160,000.

Source: Natalie Brunell

Lee said determination is simply a probability that the four-year rhythm has ended for Bitcoin owed to the mounting organization involvement successful Bitcoin, an progressively shared content among executives successful the industry.

However, crypto expert Rekt Capital precocious said that if the Bitcoin rhythm follows the 2020 pattern, the marketplace volition apt highest successful October, which is 550 days after the Bitcoin halving successful April 2024.

Bitwise main concern serviceman Matt Hougan recently called the four-year halving “dead”  and predicted that 2026 volition beryllium an “up year” for Bitcoin.

Crypto marketplace sentiment shifts to “neutral”

Lee’s optimistic people comes arsenic Bitcoin has seen a volatile week. 

After reaching a caller all-time precocious of $123,100 connected July 14, BTC pulled backmost to $112,044 implicit the play and is trading astir $113,000 astatine the clip of publication, according to Nansen.

There’s besides been a caller tumble successful crypto marketplace sentiment. The Crypto Fear & Greed Index, which measures wide marketplace sentiment, shifted from a “Greed” people of 60 connected Tuesday to a “Neutral” people of 54 connected Wednesday.

Related: Bitcoin investigation warns BTC terms ‘going lower’ archetypal arsenic $113K slips

However, Lee said skepticism is simply a affirmative successful immoderate fiscal market. “It’s a motion that determination is inactive terms find underway. Because if radical were each bullish, successful the nationalist realm, erstwhile everyone is bullish, past it’s astir apt successful the price,” helium said.

“When determination is plentifulness of skepticism and reasons to beryllium skeptical, it allows markets to person affirmative surprise.”

Lee forecasts that Bitcoin should scope $1 cardinal “over time.”

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