"Cryptocurrencies Have Bottomed Out": Why Fundstrat's Tom Lee Expects a Rebound

According to a report by Bijie Network: Top analysts have differing views on the recent trends in cryptocurrencies. Tom Lee from Fundstrat believes the market may rebound, noting that the market bottom trend is consistent, with a target price of $77,000 for bitcoin and $2,400 for ethereum. In contrast, Alex Thorn from Galaxy and Aurelie Barthere from Nansen predict further price declines. Thorn points out that bitcoin's price could fall to the 200-week moving average near $50,000. Barthere emphasizes the macroeconomic risks posed by potential policy changes from the Federal Reserve. Despite the pessimistic outlook, on-chain data shows that some large holders are increasing their positions at current price levels.