Market Is Near Bottom
Tom Lee, co-founder of Fundstrat and chairman of Bitmine, recently stated in an interview with Decrypt that the current market sentiment is weak and prices are struggling, suggesting the market may already be approaching its bottom.
Analyst Predicts BTC Will Reach $60,000
Tech strategist Tom Demar from Fundstrat has been forecasting since November last year that BTC would fall toward $60,000. He initially believed ETH would bottom around $2,400, but if that level breaks, it could fall further to $1,890. Demar believes one final dip will mark the lowest point, indicating the downtrend is nearing its end.
2026 Crypto Strategy Outlook
In a strategy note provided to internal clients, Fundstrat outlined expectations for the 2026 crypto market, forecasting a significant pullback in the first half of the year. BTC was projected to reach between $60,000 and $65,000, ETH between $1,800 and $2,000, and SOL between $50 and $75.
Tom Lee's Optimistic Outlook
Despite the cautious internal forecast, Tom Lee has publicly maintained a bullish stance, predicting that both BTC and ETH will hit new all-time highs by January 2026, reflecting his long-term confidence in the market's trajectory.