Bitcoin Forecast Downturn: Expert Adjusts Price Expectations for End of 2024

Bitcoin analyst Tom Lee has revised his prediction for the cryptocurrency’s year-end price target, acknowledging that a previous estimate of $250,000 is no longer realistic. Lee now anticipates Bitcoin may only reach its October peak of $125,100, stating that a ‘fresh peak’ remains uncertain. This shift marks a significant change for the influential analyst, whose earlier optimistic projections throughout the first half of 2024 and into early October have been replaced by a more cautious outlook. )