Bitcoin’s current price of $90,000 is viewed as a “good entry point” for long-term investors, even with analysts warning it could dip below $70,000, according to Fundstrat Capital’s Chief Investment Officer, Tom Lee. “I don’t think anyone is going to lose money buying here at $90,000. If they’re trying to time this, maybe they get lucky, and it goes to $70,000,” Lee said in a Jan. 13 interview with CNBC. He added that Bitcoin will likely be “one of the best-performing assets of the year.” At the time of Lee’s comments, Bitcoin was trading at $91,662. While the asset is down 15% from its all-time high, Lee described the drop as a “pretty normal correction” for such a “hyper-volatile asset.” He emphasized, “We’re pretty early in this halving cycle, so to me, I think Bitcoin in the near term means you’re getting a big opportunity.” Fundstrat predicts Bitcoin could dip to $70,000 or even as low as $50,000 before rebounding. “But that, again, is not a new level; it’s just where it touches before it begins to rally,” Lee noted. Meanwhile, Markus Thielen, founder of 10x Research, warned that Bitcoin could fall to $69,000 if resistance levels are breached, driven by the “high-inflation narrative.” Lee identified Jan. 15 as a crucial date for Bitcoin, with Consumer Price Index inflation data set to influence the market. He advised investors to “ride out” any short-term volatility. Despite current headwinds, including fears of Federal Reserve tightening and rising Treasury yields, asset managers like VanEck and Bitwise anticipate Bitcoin reaching $180,000 to $200,000 by the end of 2025, particularly if the U.S. adopts a Bitcoin reserve. As of now, Bitcoin is trading at $94,650, recovering 5.4% from a recent dip below $90,000, according to CoinGecko data.
