Can Ahmet 
Tom Lee, the chief investment officer of Fundstrat Capital, stated that Bitcoin will be profitable in the long term and indicated that the price level of $90,000 is a suitable entry point for investors.
Despite analyst warnings that Bitcoin could fall below $70,000, Tom Lee said that the $90,000 level is an attractive price for long-term investors. In his interview with CNBC on January 13, Lee said:
“Nobody who buys Bitcoin from here will lose in the long term. You might get lucky and wait for it to drop to $70,000, but this should be seen as an opportunity.”
Early Stages of the Bitcoin Halving Cycle
According to Lee, although Bitcoin is currently trading at much lower levels than its all-time high, this is a normal correction for a hyper-volatile asset.
Lee stated that while Bitcoin could potentially retreat to $70,000 levels, even if the price drops to lower levels, it will recover and start a new rally. He added that in a more pessimistic scenario, the price could drop to the $50,000 range.
Current Bitcoin Status
Bitcoin reached $96,000 levels again yesterday with a strong recovery movement and is currently trading at $96,800. All eyes are now on the next critical resistance level of $99,600.
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