Tom Lee Sets $200,000 Year-End Bitcoin Target As | Crypto News
As Bitcoin (BTC) defends a pivotal help degree, Tom Lee has called for the end of the crypto winter, setting large year-end outlooks for the flagship crypto and Ethereum (ETH).
Tom Lee Shares $200,000 Bitcoin Target
Tom Lee, the chairman of Ethereum’s largest treasury firm, Bitmine Technology, shared daring end-of-year price predictions for the 2 largest cryptocurrencies by market capitalization.
During a quick-fire spherical of questions at Consensus 2026, the chief affirmed that Bitcoin might soar “well past all-time highs” by yr’s end, forecasting that its price could commerce between $150,000 and $200,000 in late 2026.
He also predicted that Ethereum might rally into year-end, probably reaching new highs between $9,000 and $12,000. Lee said his bullish outlook is based on his perception that the crypto winter is over and that a recovery rally might unfold over the approaching months.
“Crypto Spring, in our view, has commenced, and like past cycles, investor sentiment and conviction are muted and bearish even as crypto prices strengthen,” he asserted earlier this week, including that the potential passage, or even failure, of the crypto market construction invoice confirms the arrival of crypto spring.
The chairman’s daring predictions come as the flagship crypto defends a essential help zone. Notably, Bitcoin had been trading between $74,000 and $79,000 since mid-April, finally breaking out of this vary earlier this week.
The flagship crypto soared past the $80,000 resistance on Monday for the first time since January. It then rallied during the first half of the week toward the key $82,500 resistance before rejecting on Thursday. Now, Bitcoin is trading between the $79,000-$80,000 space, which some analysts recommend might make or break BTC’s rally.
BTC At Most Crucial Support
Rekt Capital highlighted that Bitcoin has efficiently held the 21-week EMA, around the $78,000 degree. However, he warned that “this move through this resistance area hasn’t been very sustainable thus far, which opens up the possibility for yet another retest of the 21-week EMA going forward.”
As a outcome, BTC wants to efficiently retest the 21-week EMA again to keep away from being utterly rejected from the resistance space, between the 21-week EMA and the 50-week EMA, and dropping into the mid-$70,000s.
Meanwhile, market analyst Ali Martinez affirmed that Bitcoin is at the moment trading around the most important resistance degree as the average price foundation of new whales, the entities that purchased in the last 155 days, at the moment sits at $80,300.
He explained that “when Bitcoin trades below this average cost basis, these whales are holding at a loss,” which suggests that new whales might be “incentivized to sell just to break even and avoid further losses” if BTC fails to maintain the $80,300 space as help.
Martinez warned that this panic to exit would create a wave of promoting strain that pushes costs a lot decrease. On the opposite, if the flagship crypto turns this degree into help, it’d signal that promoting strain has exhausted.
“Once these whales are back in the green, they stop selling and start holding for higher targets, which is exactly how new uptrends begin,” he concluded.
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