Tom Lee dey warn say Bitcoin fit fall 50% despite say ETF surge
Bitcoin still dey very volatile despite say e get support from institutions and spot ETF approval. Tom Lee wey be chairman of BitMine talk say if equities drop 20%, e fit make Bitcoin slump by 40%–50%. After Bitcoin hit $69,000 peak in 2021, e lose half e value in two months. Lee talk say dem dey shift to longer post-halving cycle and e still dey hold to im year-end target of $200,000–$250,000, wey mean say e fit pullback reach $125,000 if correction reach 50%. Experienced trader Peter Brandt dey compare am to 1970s commodity crash, wey make near-term risk clear. On the other hand, people like Michael Saylor dey argue say Bitcoin volatility go reduce as institutional adoption dey increase.
Bearish
Tom Lee warning say Bitcoin fit drop 50% don show say short-term risk don high well-well for traders. Bitcoin history for big equity corrections and how e dey compare with old commodity crashes mean say more wahala (volatility) fit show. If e pull back reach $125,000, e fit trigger stop-loss cascade, wey go put pressure for market stability. But, Lee long-cycle outlook and year-end $200,000–$250,000 guess still dey show say long-term, e fit still better if volatility cool down after ETF adoption. Overall, the immediate feeling turn bearish because of drawdown wahala, but the long cycle view still dey show small hope for bullish trend.