Tom Lee Revises Bitcoin Target Prediction: $250,000 Viewpoint Shelved, Year-End Focus Shifts to Breaking $100,000

Tom Lee, co-founder of Fundstrat Global Advisors, who has made bold price predictions multiple times, recently publicly revised his expectations for Bitcoin's year-end performance.

In a recent interview with CNBC, he no longer insists on his well-known prediction that "Bitcoin will reach $250,000 by the end of 2025," and instead stated that Bitcoin is "very likely to break $100,000 before the end of the year," and could even surpass the historical high since October of this year.

This statement comes against the backdrop of a sustained weakness in the Bitcoin market recently. Market data shows that since mid-October, Bitcoin has been in a downward trend, falling below the $90,000 mark for several consecutive days.

This short-term weakness contrasts with historical seasonal patterns. According to CoinGlass data, November has typically been the month with the strongest average performance for Bitcoin since 2013, but the market's performance this month deviates from historical trends.

However, Lee still has expectations for the year-end performance, noting that Bitcoin's annual gains are often concentrated within a very few trading days, and this asset typically only requires 10 days each year to complete a price fluctuation. $BTC