- Tom Lee says year-end rally is still in play.
- He expects Bitcoin to go over $126,000 ATH in 35 days.
- Can BTC set multiple new ATH targets this year?
With the price of BTC having reclaimed the $90,000 price range and is currently moving into higher prices, expectations for a bull market rally or a relief rally to follow through grow stronger. Amidst this surge, many financial experts and coming out to share their bullish forecasts once again. To highlight, Tom Lee says year-end rally is still in play and expects Bitcoin to go over $126,000 in 35 days.
Tom Lee Says Year-End Rally Is Still in Play
According to CoinMarketCap analytics, the price of Bitcoin (BTC) is currently trading at $91,600 and is steadily moving upward. Today, the pioneer crypto asset broke past the $90,000 price level to reclaim higher prices after over a week of trading in the $80,000 price range. This has reignited bullish sentiments for BTC to reclaim 6-digit prices and go on towards reclaiming its previous ATH prices.
As of now, the data shows that the price of BTC is up by over 5% in the last 24 hours and is boasting a total market cap of $1,828,006,582,738.99 and a 24-hour trading volume of $73,516,744,735.23, which is up by over 23%. The pioneer crypto asset will need to pump over 27% if it can go on to reclaim its recently set new ATH price 2 months ago. Presently, bullish and bearish analysts are sharing their predictions.
Expects Bitcoin to Go Over $126,000 in 35 Days
On the bearish side, analysts are saying that a huge bull trap is brewing and that the price of BTC may go up to $100,000 – $110,000, but will eventually fall once again, this time much further, possibly towards the $50,000 – $60,000 price range. These analysts are certain that the 4-year bull cycle has played out and that the price of BTC is destined to fall into a bear market, meaning no new ATH prices for over a year at least.
Meanwhile, on the bullish side, analysts and financial experts believe a major price pump is on the horizon. As we can see from the post above, Tom Lee says the year-end rally is still in play. In detail, Tom Lee expects a strong move into year-end, even after one of the toughest six-week stretches portfolio managers have seen.
He points to three major catalysts. Firstly, seasonals point higher into December, secondly, a dovish shift from the Fed, and lastly, 80% of fund managers are trailing the market. All in all, Tom Lee believe that Bitcoin is still going to reclaim its $126,000 ATH and go beyond to hit higher highs. He also expects ETH price to pump and enter price discovery as well, with a bull target of $9,000 by January 2026.
