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    Home»Bitcoin»Bitcoin Primed To Be One of many Greatest-Performing Property in 2025, Says Fundstrat’s Tom Lee – However There’s a Catch – The Day by day Hodl
    Bitcoin Primed To Be One of many Greatest-Performing Property in 2025, Says Fundstrat’s Tom Lee – However There’s a Catch – The Day by day Hodl
    Bitcoin

    Bitcoin Primed To Be One of many Greatest-Performing Property in 2025, Says Fundstrat’s Tom Lee – However There’s a Catch – The Day by day Hodl

    By Crypto EditorJanuary 14, 2025No Comments2 Mins Read
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    The co-founder and head of analysis at Fundstrat International Advisors says Bitcoin (BTC) must crash out a bit tougher earlier than bouncing again in a giant method.

    In a brand new interview with CNBC, Tom Lee makes his case for why he thinks BTC will likely be a top-performing asset this yr after it falls a bit additional.

    “Bitcoin is down roughly 15% from its highs, which for a hyper-volatile asset is a standard correction and follows international liquidity tendencies. We’re early within the halving cycle.”

    In keeping with Lee, Fundstrat’s crypto technicians assume the crypto king might drop one other $20,000 in worth earlier than correcting.

    “Our technician thinks $70,000 is the place we make a stand. I believe Bitcoin is without doubt one of the best-performing property. When requested whether or not it should drop to $70,000 or if that’s the ground, the response was that $70,000 is one stage of retracement, the place Bitcoin may pull again from a rally.”

    Nonetheless, in accordance with Lee, BTC may probably drop even decrease.

    “It may go as little as the $50,000 [range], however that wouldn’t be a brand new stage; it’s the place it touches earlier than starting to rally once more. For these contemplating shopping for Bitcoin at these costs, the suggestion is that Bitcoin is a long-term funding. In the event that they’re making an attempt to time the market, they could get fortunate and it may attain $70,000.”

    Bitcoin is price $91,731 at time of writing, down 10% throughout the week.

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    Bitcoin Primed To Be One of many Greatest-Performing Property in 2025, Says Fundstrat’s Tom Lee – However There’s a Catch – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual threat, and any losses you might incur are your accountability. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in online marketing.

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