 Bitcoin could dip to $70K, but current price a ‘good entry point’ — Fundstrat 
2025-01-14
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Despite a warning from analysts that Bitcoin could fall under $70,000, the asset’s current $90,000 price tag remains a “good entry point” for long-term investors, according to Fundstrat Capital’s chief investment officer. 
“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,” Tom Lee said in a Jan. 13 interview with CNBC, adding Bitcoin BTCUSD will be “one of the best-performing assets of the year.”
At the time of the interview, Bitcoin was trading at $91,662. Lee said that while Bitcoin may be down 15% from its all-time high, this is a “pretty normal correction” for a “hyper-volatile asset.” 
Lee said his firm sees one scenario where Bitcoin falls back to the $70,000 zone before rallying, though another scenario could see Bitcoin fall as low as the $50,000 range. 
“But that, again is not a new level; it’s just where it touches before it begins to rally,” said Lee. 
Meanwhile, 10x Research founder Markus Thielen expects the “high-inflation narrative” to continue over the coming weeks — causing headwinds for Bitcoin, which he thinks could fall as low as $69,000 if certain resistance walls are breached.
Lee said the next key date for Bitcoin and the stock market will be Jan. 15, when Consumer Price Index inflation data comes in, and he recommended investors “ride out” any volatility over the short term.
Fears the US Federal Reserve may tighten monetary policy in 2025, rising Treasury yields and a strengthening US dollar have contributed to Bitcoin’s recent price correction, analysts have noted in recent weeks.
The Federal Reserve will publish its first interest rate decision of 2025 on Jan. 29.
However, despite short-term headwinds, asset managers VanEck and Bitwise expect Bitcoin to reach $180,000 to $200,000 by 2025’s end — especially if the US establishes a Bitcoin reserve.
Bitcoin is currently trading at $94,650 — up 5.4% from $89,800 over the last 11 hours, when it briefly fell below $90,000 for the first time since Nov. 19, CoinGecko data shows.