Tom Lee, head of the research of Fundstrate, said that this week’s US job data and 10% of bitcoins can give shape under the market.
Crypto Markets bounced over the last weekend as President Donald Trump teased an American Crypto Reserve, with five of the top digital assets by the market cap including Bitcoin (BTC) and Ethereum (ETH). Due to the news, investors in cryptocurrency deployed more than $ 330 billion in the hours.
Nevertheless, the outflow overtook $ 600 billion after 24 hours and Cryptos withdrew all benefits from Trump’s announcement. Despite the market fall, Lee stated that Bitcoin would end more than $ 150,000 more than 2025. BTC changed hands under $ 83,000 as writing, around $ 81,900 to overcome at least slightly a day.
More pain before bitcoin bottoms
Talking with CNBC, Lee Predictive This may be the bottom of a BTC market earlier this week. Market bottles are levels on which assets usually bounce and are considered as a springboard for up speed.
Although Lee’s forecast adopted a long -term approach, BTC investor hopes that short -term volatility will contribute to a below. This cyclic bottles can send BTC below $ 62,000 in March, Lee said.
If Li’s landscape is played, Bitcoin will fall more than 24% from the current prices. In addition, this result will increase the decline of BTC to more than 50%from its all -time high, which will mark one of the largest drawdowns in the history of the property and determine the four -month low.
Depending on historical data, this is about 50/50 likely to happen. Between 2013 and 2024, BTC closed March six times on March and extended profit five times.
Some analysts agree that BTC and comprehensive crypto markets may suffer from risks due to economic uncertainty. President Trump issued tariffs against Canada, Mexico, China and other nation-states as trade war broke out.
Lee said that this week’s American job figures may be afraid and investors may be confident. In particular, BTC saw a slight increase before the core PCE data of the previous week re -needed.
