Analysts Predict New BTC ATH by January

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Fundstrat’s Tom Lee remains confident that there will be a new Bitcoin all-time high in the next couple of months. 

“I do think Bitcoin can make an all-time high by the end of January,” said Tom Lee on CNBC on Monday. “I’m pretty bullish into December even with the first day being rocky,” he said.

The BitMine chairman added that a lot of it will depend on equities recovering, which he expects, and a new Federal Reserve chairman “will help.”

“When people got worried about a Hawkish Fed … it hurts crypto models too, so if we have a Dovish Fed, that’s really a tailwind.”

Market losses accelerated when Fed chair Jerome Powell shed doubt on a December rate cut. However, the winds have changed, and CME futures markets now predict an 87.6% probability of a 0.25% cut on December 10.


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