BitMine chair Tom Lee has tempered his prediction for Bitcoin, shifting away from a $250,000 target after market volatility and sell-off pressure forced him to readjust. While he still believes Bitcoin will finish above $100,000 before year-end, Lee is now more hesitant about a parabolic surge. The shift comes as the cryptocurrency struggles to recover from recent losses. Lee’s earlier bullish stance had drawn attention in the industry. His revised perspective reflects changing market dynamics and investor sentiment. Despite backing off his previous predictions, Lee highlights Bitcoin’s historical tendency for strong gains within short time frames, referencing a pattern observed by investors: BTC often generates most of its annual upside during just ten trading days each year. This suggests even as new highs may be out of reach in 2023, continued bullish momentum could still emerge during the latter half of the year. Lee’s revised outlook reflects an evolving trend in Bitcoin predictions. While initially setting ambitious targets for early 2025, current market conditions have led to a more realistic approach, reflecting both short-term volatility and long-term trends.