“Tom Lee Sees Bitcoin Finishing The Year at Over $ 150,000 and Attributes the Current DrawDown to Cyclical Behavior.”, – WRITE: www.coindesk.com
Lee’s Outlook ComESS AMID ECONOMIC UNCERTAINTY as President Trump Navigates His First 100 Days in Office. Several Factors Are Contribution to Market Volatility, Including The Department of Government Expenditure (Doge) Program, Wich Imposes Austerity MEASURE TRESULIC SPOSIT Further Uncertainty for Businesses and Investors.
Bitcoin (BTC) Has ExperienCed Yet Another Reversal in Price, Filling in Friday’s CME Gap and Currently Sitting at $ 83,000 – Down Over 10% This Year. Meanwhile, The Nasdaq 100 Has Also Droped Nearly 10%, with Another Similar Decline would Trigger a bear Market.
Lee Points to Friday’s UpcomING JOB DATA As A Key Event That Could Dictate Short-Term Market Direction. If the Data is worse than expectioned, he anticipates An Initial Wave of Panic, But Lee Believes It Could Also Prompt the Federal Reserve to Accelerate Interest Rate Cuts.
Currently, The Futures Market Is Prting in 75 Basis Points of Cuts for this Year, WHICH Wuld Bring the Benchmark Federal Funds Rate to A Range of 3.50% SO FAR, The FED HAS ALRIREADY IMPLEMENTED 100 BASIS POINTS WORTH OF CUTS IN THIS CYCLE.
Lee Also Addressed Bitcoin’s Strugggles, Noting that Its Recent Downnturn is Not Driven by Negative News But Rather by Cyclical Market Forces. HE SEES A PETENTIAL SHORT-TRICE TARGET OF $ 62,000 But Still See’s Bitcoin Finishing Over $ 150,000 by End of the Year.
Disclaimer: Parts of this article Were Generated with the Assistance from Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy.
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