Bitcoin ($BTC) suffered a dramatic fall to $80,000 on March 9, triggering widespread liquidations and pushing market sentiment into “Extreme Fear” territory.
Despite the current downturn, Fundstrat’s Tom Lee has maintained his bold prediction that Bitcoin will reach $150,000 by the year’s end, suggesting the dip might represent a prime buying opportunity.
Market Plunges into Extreme Fear, Bitcoin Drops Below $85K
Bitcoin’s steady position above $90K ended abruptly with Sunday’s collapse to $80K. The dip continued a series of BTC’s low highs on the 4-hour chart.
Bitcoin’s downward trajectory has impacted the entire crypto market with Solana falling 7.6% while XRP lost 8%. The Fear & Greed index also revealed ‘Extreme Fear’ with a reading of 20.
Traders continue to watch anxiously as Bitcoin’s open interest declines and positions close with the $80K level now serving as BTC’s support zone.
Recent Bitcoin gains appear to be merely a temporary pause in BTC’s downward trend despite last week’s signs of recovery.
Fundstrat’s Lee remains bullish despite high volatility
Fundstrat’s analyst Tom Lee reaffirmed his ambitious $150K price target for Bitcoin in 2025 during his latest media appearance on CNBC. He maintained that Bitcoin still had the potential to surge nearly 100% from its current price level by the end of this year.
Lee warned that investors who missed pivotal BTC trading windows would end up missing the entire market cycle as he highlighted Bitcoin’s reputation for delivering high returns during concentrated timeframes.
Lee characterized the downturn as a normal cyclical movement rather than a response to negative fundamentals. His colleague Mark Newton previously outlined the possibility of a correction that could see Bitcoin hit the $62K range before the end of March.
Lee interpreted the participation of major financial institutions like Citadel as a positive signal that mainstream adoption was still in its infancy. This could potentially make the sub-$85K level an attractive proposition for Bitcoin.
New BTC Bull presale offers BTC airdrops as the token is set to explode
The Ethereum-based BTC Bull (BTCBULL) token is an emerging project that is gaining increasing attention as a potential high-growth alternative as traditional crypto investors navigate uncertain waters.
BTC Bull Token has already secured over $3.4 million in funding within its first month, and plans to airdrop real Bitcoin to BTCBULL token holders when certain Bitcoin price targets (such as $150,000 and $200,000) are achieved for the first time. The project has also scheduled token burns for when BTC gets to $125,000, $175,000, and $225,000 – and early investors will get remarkably high staking rewards, currently estimated at 124% pa.
A BTCBULL airdrop is also planned to give holders even more reason to celebrate as BTC hits $250,000.
Digital asset commentator ClayBro suggests that BTC Bull Token could experience rapid value appreciation following its crypto exchange debut. This positions BTCBULL as a high-risk but potentially lucrative option for those willing to explore alternatives during Bitcoin’s price consolidation.
Currently available in its latest presale phase at just $0.002405, Bitcoin Bull Token offers early participants the possibility of substantially higher percentage returns compared to Bitcoin’s projected movements.
