Bitcoin Could Crash Into $50,000s Before Skyroacketing, Claims Fundstrat CEO

Bitcoin Could Crash Into $50,000s Before Skyroacketing, Claims Fundstrat CEO
In a recent appearance on CNBC’s “Squawk Box,” Tom Lee, Fundstrat Capital CIO and head of research, suggested that Bitcoin may still have a ways to fall before posting a substantial recovery. During the January 13 segment, Lee spoke about the broader market concerns—such as inflation, bond yields, and earnings—before drawing a parallel to the crypto space, specifically Bitcoin’s trajectory. Could Bitcoin Crash Into The $50,000s? “Bitcoin is down roughly 15% from its highs which for a hyper volatile asset is a normal correction and following global liquidity. We are early in the halving cycle,” Lee remarked, underscoring that price swings of this magnitude are common in the digital assets realm. He also elaborated on technical markers indicating future volatility, stating, “One level would be $70,000.” A less likely scenario, but still possible, is a crash into the $50,000s. “It could go as low as the $50,000s. But that’s again not a new level. That’s where it touches before it begins to rally,” Lee remarked. Related Reading: 8 Bitcoin Price Predictions For 2025: What Banks, Hedge Funds And Exper ..

Support the originator by clicking the read the rest link below.