Btc On Path Towards 250k

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Btc On Path Towards 250k

Bitcoin (Btc) On Path Towards $250k, Says Analyst

Thomas Lee, a famous Bitcoin analyst, has recently made a sharp claim about the target price of BTC. According to him, the price of Bitcoin (BTC) will almost double during the year 2025.

This forecast was made amid the high market volatility and the recent decline of BTC under the $100K level. However, none of this was enough to stop the Thomas Lee from making this bold forecast.

Bitcoin (Btc) To Decline Before Jumping Higher

According to the analyst, Bitcoin (BTC) has the potential to touch $250,000 by the end of the year 2025. This would be a gain of more than a hundred percent from the BTC's current value. He added that the year 2025 will be one of the best-performing assets.

The current situation of the BTC shows that the post-election optimism has ended. In a sense, we can say that the market is now back to its senses and is trying to figure out its next direction.

It is also a reality that Bitcoin (BTC) has lost the $108K handle and is almost down by 15%. For now, Bitcoin (BTC) is trading below the $100K which is now acting as resistance.

Despite all of this, the analyst believes that it is part of normal correction & nothing to worry about. In fact, the decline is actually moderate when we look at the earlier cycles.

If we look at other analysts, they believe that Bitcoin (BTC) will likely consolidate in the $90K - $100K range. Only then the Bitcoin (BTC) resume its uptrend and try to find its next direction.

Another analyst added that these phases of corrections and consolidations are exactly normal. In fact, these are needed for any sustainable price growth in Bitcoin (BTC).

The expert also added that Bitcoin (BTC) may move lower towards the $70K or around $50K. Once this is done, the next bullish phase of Bitcoin (BTC) will resume.

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