Investor Tom Lee believes that Bitcoin (BTC) will reach his ambitious price target over a long arc of time.

In a new CNBC interview, Fundstrat’s CIO says Bitcoin looks poised to hit new all-time highs this year, driven by an expanding global money supply.

According to Lee, he expects Bitcoin to surge by at least 41% from current levels before the year expires.

“Bitcoin is responding to global liquidity, which is moving up. And I think it’s anticipating a dovish Fed next year, so that’s a tailwind for Bitcoin. 

Bitwise has a great stat: 95% of all Bitcoin has been mined, but 95% of the world doesn’t own Bitcoin. So I just think that there’s still a huge demand versus supply imbalance, meaning there’s a lot more potential buyers of Bitcoin over the next 10 years. So I think there’s a lot of upside to year-end… Yeah, [I got a target] of $150,000, maybe $200,000 or even $250,000 this year.”

But over an extended period of time, Lee sees Bitcoin catching up to or even surpassing the market cap of gold, ultimately leading to a massive price tag for BTC.

“I think at a minimum, it should have the same network value as gold, and if you look at above-ground gold, it’s probably $23 trillion, so that would $1.2 million for Bitcoin. But I think Bitcoin is more valuable than gold. Bitcoin could be $2 million, $3 million long term, even higher.”

At time of writing, Bitcoin is trading for $105,900.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Popular macroeconomics expert Lyn Alden believes that the current Bitcoin (BTC) correction is similar to the one witnessed in March 2024 based on one key on-chain metric.

In a new interview on The Your Life! Your Terms! YouTube channel, Alden says she’s keeping a close watch on Bitcoin’s market value to realized value (MVRV) metric, an on-chain indicator that helps assess whether BTC is overvalued or undervalued by comparing its market cap (market value) to the average price at which all coins were last moved (realized value).

The macro guru explains that during the initial stages of a bull market, Bitcoin’s market cap tends to soar, while its average cost basis lags as early investors hold on to their coins in anticipation of more rallies, resulting in a higher MVRV value.

Alden says that when the MVRV soars to extreme levels, it drives more long-term investors to unload their holdings, which can signal the start of a multi-year bear market.

For now, the macro expert says the metric is still within its usual bull market range, leading her to believe that BTC can still soar to greater heights.

“When you see more and more coins at those higher price levels, it helps lower that ratio because basically the average cost basis is catching up to some extent with that wild explosion in market cap.

So what I generally point out is that we’ve not really seen extremes yet this year. Back in March 2024, when we broke out to new all-time highs for the first time in a couple of years, Bitcoin hit $73,000. That metric got a little bit euphoric, but nothing like a multi-year top historically has been. And so we saw a seven-month consolidation, but nothing really worse than that. 

Similarly, when Bitcoin hit $108,000 more recently, that metric got a little bit overdone, but again, it wasn’t those multi-year dislocations that we normally see. 

For me, I’m more on the lookout for probabilities of breaking out versus breaking down. And so my view is that there’s still a higher probability of breaking up and to say that, I don’t think we’re set for a multi-year bear market until we probably reach higher prices.”

At time of writing, Bitcoin is trading for $81,357.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Seasoned trader Peter Brandt is warning that the payments altcoin XRP is at risk of going through a massive capitulation event.

The legendary trader tells his 781,500 followers on the social media platform X that XRP is forming a head-and-shoulders (H&S) pattern on the daily chart.

An H&S structure is a bearish pattern indicating that an asset has lost momentum to sustain its uptrend after failing to print new highs.

According to Brandt, the bearish structure will be invalidated if XRP climbs above a key resistance level. Otherwise, he says XRP is in danger of breaking support at $1.90 and witnessing a waterfall event.

“Don’t shoot the messenger.

Your favorite Beanie Baby/Pet Rock crypto displays a classic complex H&S top. This could become bullish if $3.0 is exceeded, otherwise the implications are a decline to $1.07. If you have an issue with this, take it up with Magee and Edwards.

XRP.”

At time of writing, XRP is worth $2.12, down over 3% on the day.

Looking at Bitcoin, Brandt warns that BTC has broken down from a bearish continuation pattern after losing $85,000 and is now likely headed below $70,000.

“Don’t shoot the messenger.

Just reporting on what the chart says until it says something different. Bear wedge completed with 2x target from the double top at 65,635.”

At time of writing, BTC is worth $82,791.

As for the S&P 500, Brandt says that the stock market index is now in an “established downtrend” after flipping the 5,864 support level into resistance.

“The 2x target of 5,170 is a very appropriate 18% correction from the high.”

As of Friday’s close, the S&P 500 is hovering at 5,580 points.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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An analyst known for riding the 2023 crypto breakout believes that Bitcoin’s current consolidation will end with BTC bulls taking a victory lap.

In a strategy session, pseudonymous analyst DonAlt tells his 65,700 YouTube subscribers that BTC bears had many chances to drive prices lower in the past weeks after President Donald Trump restarted trade war talks and considered acquiring other countries.

According to the crypto strategist, any of those headlines could have catalyzed a deeper Bitcoin correction. But DonAlt says the fact that BTC is still trading above $90,000 despite an onslaught of bearish news makes him believe that Bitcoin is gearing up for much higher prices.

“I’m not bearish. My gut feeling is that this resolves to the upside, but I also acknowledge that as long as we’re trading below $101,000 or below the weekly mid-range [around $98,000], TA (technical analysis)-wise slightly leaning bearish.

I just don’t necessarily think it’s very conclusive, especially given how strong the uptrend has been and how weak the sell-off has been considering that Trump has basically been throwing around tariffs, been talking about annexing Canada [and] Greenland…

You can make a list and if you threw any of these items on that list at me two or three years ago, and you asked me, ‘Hey, how are markets looking?’ I’d be like ‘Everything is dead, you know.’ 

[But] then nothing has happened. It’s barely led to any sell-off, so it’s hard for me to be too bearish. I think just generally, it makes sense to be either neutral and wait for the momentum or be bullish even though the TA is not necessarily too bullish right now.”

At time of writing, Bitcoin is trading for $96,310, down 1.43% in the past day.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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