TechFlow news, January 14 — According to CoinDesk, Fundstrat Research Managing Partner Tom Lee said in a CNBC interview that Bitcoin's current 15% pullback from its peak is normal volatility. Based on Fibonacci retracement levels, he expects Bitcoin may correct to the $70,000 support level in the short term, and if that level breaks, it could test $50,000. Despite the potential short-term correction, Lee remains bullish, projecting Bitcoin could reach $200,000–$250,000 by the end of 2025.
Glassnode data shows that the current bull market correction has been only 15%-20%, significantly lower than the historical range of 30%-50%, indicating increasing maturity of the asset.
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