Bitcoin Price Prediction: Wall Street Veteran Sees New All-Time Highs by Year-End – Dip-Buying Opportunity?
Bitcoin (BTC) is buying and selling round $103,768, down 3.22% within the final 24 hours, with a market cap of $2.07 trillion. Despite the current drop, veteran Wall Street strategist Tom Lee stays assured that Bitcoin will attain new highs earlier than the top of the 12 months.
Tom Lee Backs Crypto Recovery as BitMine Expands $12.5B Ethereum Holdings
Lee, who additionally serves as Chairman of BitMine Immersion Technologies (BMNR), sees the present correction as a wholesome reset following final week’s volatility. “The market is consolidating,” he defined. “Ethereum and Bitcoin fundamentals are stronger than ever, stablecoin volumes are surging, and blockchain revenues are at report ranges.”
BitMine’s aggressive enlargement backs his optimism. The agency lately added 82,353 ETH, value over $294 million, bringing its complete Ethereum holdings to three.39 million ETH, or 2.8% of Ethereum’s circulating provide. At present costs, that’s practically $12.5 billion, making BitMine one of many largest institutional crypto holders.
Lee predicts Bitcoin might rally towards $150,000–$200,000, whereas Ethereum would possibly climb to $7,000, fueled by institutional adoption and renewed capital inflows into crypto infrastructure.
Bitcoin (BTC/USD) Faces Technical Pressure
From a technical standpoint, Bitcoin is underneath pressure after breaking beneath a symmetrical triangle sample that’s been forming since mid-September. The breach suggests a continuation to the draw back, particularly after a number of failed makes an attempt to reclaim resistance close to $111,000.
Recent candles present a collection of wide-bodied purple bars, signaling sturdy promoting conviction. The 50-day EMA stays beneath the 200-day EMA, forming a bearish alignment. Meanwhile, the RSI close to 30 reveals oversold circumstances however no bullish divergence but, which means downward momentum might persist.
Key help zones now sit at $103,500 and $100,250. A every day shut beneath $103,400 might push BTC towards the psychological $100,000 stage, an space the place institutional patrons would possibly step in.
Dip-Buying or More Downside?
For merchants, the present value zone presents each alternative and warning. Short-term methods embody:
- Selling the retest round $106,300–$107,900, with stops above $111,000 and targets close to $103,500–$100,250.
- Buying affirmation of a bullish engulfing candle above $108,000, supported by rising quantity, for a possible restoration towards $111,000.
Despite short-term stress, the macro outlook stays constructive. As liquidity improves and institutional flows return, Bitcoin might stage a pointy reversal, aligning with Lee’s name for brand new all-time highs by year-end.
For buyers, this pullback could show to be the sort of “reset second” that traditionally precedes Bitcoin’s largest rallies.
Bitcoin Hyper: The Next Evolution of BTC on Solana?
Bitcoin Hyper ($HYPER) is bringing a brand new part to the Bitcoin ecosystem. While BTC stays the gold normal for safety, Bitcoin Hyper provides what it at all times lacked: Solana-level pace.
Built as the primary Bitcoin-native Layer 2 powered by the Solana Virtual Machine (SVM), it merges Bitcoin’s stability with Solana’s high-performance framework. The end result: lightning-fast, low-cost good contracts, decentralized apps, and even meme coin creation, all secured by Bitcoin.
Audited by Consult, the undertaking emphasizes belief and scalability as adoption builds. And momentum is already sturdy. The presale has surpassed $25.7 million, with tokens priced at simply $0.013215 earlier than the following enhance.
As Bitcoin exercise climbs and demand for environment friendly BTC-based apps rises, Bitcoin Hyper stands out because the bridge uniting two of crypto’s largest ecosystems. If Bitcoin constructed the inspiration, Bitcoin Hyper might make it quick, versatile, and enjoyable once more.
Click Here to Participate in the Presale
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