Bitcoin (BTC) could reach $250,000 next year but could hit $150,000 simply by repeating the price action of 2023, according to new analysis.
Speaking on the YouTube channel Wealthion on November 29, Tom Lee, co-founder and head of research at financial research firm Fundstrat Global Advisors, gave a 12-month timeframe for Bitcoin at $250,000.
Lee: The Bitcoin bull run 'sweet spot' has begun
The cryptocurrency market is not short of six-figure BTC price predictions, and Lee of Fundstrat, known for his faith in Bitcoin for many years, still maintains an optimistic outlook for 2025.
He said that it is 'very likely' that BTC/USD will reach a quarter of a million dollars per coin next year — or more.
The reason, he said, is that BTC price cycles revolve around halving events.
'The sweet spot for the price is starting to appear as supply is cut heading into the end of this year and next year,' he explained.
'I think that’s why we expect Bitcoin to be at $100,000, and in the next 12 months I think something like above $250,000 is possible, very likely, just based on tracking this price cycle.'
Lee added that the upcoming U.S. administration under Donald Trump could exert a significant legitimizing force on Bitcoin if it begins to accumulate the currency under their strategic reserve commitment.
'It’s almost taking the playbook from MicroStrategy because MicroStrategy has proven that using Bitcoin as an asset on the balance sheet has actually created a lot of value for MicroStrategy's shareholders,' he explained.
On X, the famous account The Bitcoin Therapist describes Lee's full statements about MicroStrategy's Bitcoin reserves as 'one of the clearest and most concise explanations of what is happening with MicroStrategy and Bitcoin.'
As TinTucBitcoin reported, this business intelligence company has seen stock volatility after purchasing BTC worth over $5 billion.
BTC price of $150,000 'is achievable'
The social network is also flooded with commentators placing their faith in the current bullish market for Bitcoin.
Among them, this week, is famous trader Dave The Wave, who suggested on November 30 that BTC/USD actually needs little effort to reach $150,000.
All it needs to do, a chart shows, is repeat its performance from around October 2023 to March 2024, during which it rose 186%.
'Just looking at it easily, the price of BTC at $150K is here,' he summarized on X.
BTC/USD 1-day chart. Source: Dave The Wave/X
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