Fundstrat's Tom Lee has reiterated his bullish forecast for Bitcoin, predicting a year-end price range of $150,000 to $200,000. Despite a recent 5% weekly decline and $800 million in ETF outflows, Lee remains optimistic. He attributes his positive outlook to anticipated Federal Reserve rate cuts, favorable Q4 seasonality, and market stability following recent liquidations. Lee also highlights Bitcoin's limited supply and growing institutional interest as factors supporting higher valuations.
Tom Lee Reaffirms Bitcoin Year-End Target of $200,000
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