Tom Lee Analyzes Bitcoin’s Normal Correction and Predicts Bullish Growth to $200,000 by 2025

In a recent analysis, Tom Lee, the former Chief Equity Strategist at JPMorgan, addressed the current state of Bitcoin during his interview with CNBC. He characterized the ongoing Bitcoin correction as a standard occurrence given the cryptocurrency’s notorious volatility, highlighting a price reduction of approximately 15% from its peak. According to data from Glassnode, this retracement is comparatively modest, ranging between 15% and 20%, which is significantly less severe than the historical declines of 30% to 50% observed in previous bull markets. Lee identified the $70,000 threshold as a crucial support level, employing Fibonacci retracement levels in his analysis to determine potential price corrections. He indicated that should this level be compromised, Bitcoin might test the $50,000 mark. Despite these fluctuations, Lee remains optimistic about Bitcoin’s trajectory, projecting a price target between $200,000 and $250,000 by the end of 2025.