Can BTC Hit $150K Despite Market Turmoil?

Bitcoin has had a tough start to 2025 as economic uncertainty and a shift toward safer assets weigh on global markets. New trade tariffs and macroeconomic concerns have pushed investors toward gold, leaving Bitcoin under pressure. However, Fundstrat’s Tom Lee remains optimistic, predicting that markets are close to bottoming out and that Bitcoin could still reach $150,000 by the end of the year.

Bitcoin Falls 10% as Markets React to Tariffs

The recent downturn in Bitcoin isn’t happening in isolation. The U.S. has confirmed new trade tariffs against Canada and Mexico, rattling financial markets. Stocks have taken a hit, with the S&P 500 and Nasdaq dropping sharply. Bitcoin followed suit, and BTC fell to $83K from $95K, dropping 10% in a single day and wiping out its recent gains. Analysts from The Kobeissi Letter note that this “global move” away from risky assets has made Bitcoin vulnerable.

Gold, on the other hand, has performed well, trading near all-time highs. Gold went up by 10% while Bitcoin has fallen by the same percentage since January—suggesting that investors no longer see Bitcoin as a safe haven. Adding more selling pressure on BTC. 

Tom Lee: Bottom in Sight, BTC Still on Track for $150K

Despite the pullback, Tom Lee believes this is just part of Bitcoin’s natural market cycle. He suggests that markets are currently in a bottoming phase and could stabilize by the end of the week. His focus is on Friday’s job data, which he sees as a major trigger for the next market move.

Speaking to CNBC, Lee pointed to multiple factors behind Bitcoin’s decline. He blames the government’s Department of Government Expenditure (DOGE) program, which has cut public spending, as well as new tariff policies that have created uncertainty for businesses and investors.

Could Weak Job Data Lead to a Fed Rate Cut?

Lee warns that if job numbers come in worse than expected, markets could see another wave of panic. However, he also argues that poor data could push the Federal Reserve to speed up interest rate cuts, which might boost Bitcoin and stocks.

Futures markets are already pricing in 75 basis points of additional cuts by the end of the year, on top of the 100 basis points already implemented.

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Bitcoin at a Critical Support Level

Lee isn’t too worried about Bitcoin’s short-term weakness. He believes the decline is part of a larger market cycle rather than a sign of fundamental problems in crypto. While he acknowledges Bitcoin could briefly drop to $62,000, he remains confident that it will bounce back—potentially surpassing $150,000 by year-end.

According to trader Daan Crypto Trades, Bitcoin is retesting its 200-day moving average, a crucial support level in bull markets. He sees this as a rare and important moment, highlighting the need for bulls to hold this level to maintain the uptrend.

For now, investors are focused on economic data and the Federal Reserve’s next move. If conditions align, Tom Lee’s bullish prediction could still come true.

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