‘One Last BIG Crypto Dip Is About To Happen… Then Bitcoin Will EXPLODE!’ Tom Lee

Bitcoin Price Prediction

Tom Lee, FundStrat's CIO, believes Bitcoin's price could dip to around $70,000 or as low as $50,000 before it rallies. However, he thinks Bitcoin could reach $100,000 or more by the end of the year.

Investment Advice

Lee advises investors to have a long-term focus when it comes to Bitcoin. He thinks $90,000 is a good entry point, and one should not try to time the market. Instead, investors should consider allocating 1% to 2% of their portfolio to Bitcoin.

Market Outlook

The analyst believes the market is due for a turning point, possibly this week, and that earnings season will be a positive catalyst. He thinks the Fed's actions are less significant right now and that investors should focus on the overall strength of the economy.

Bitcoin Halving Cycle

Lee notes that Bitcoin is still early in its halving cycle, which could lead to significant gains. He thinks Bitcoin will be one of the best-performing assets and is a buyer at $90,000, $70,000, or $50,000.

Expected Price

The analyst expects Bitcoin's price to reach $200,000 or $250,000 this year, with a potential high of over $150,000.