Bitcoin Price Up 1% As Tom Lee Says BTC Could Still Drop 50%

The Bitcoin worth has risen over 1% within the final 24 hours, buying and selling at $111,331 as of 4:00 a.m. EST, on a 31% lower in each day buying and selling quantity to $50.47 billion.

That BTC worth enhance occurred at the same time as Tom Lee, BitMine’s well-known chairman, says that at the same time as Bitcoin turns into extra in style with huge funding corporations, sharp drops of fifty% or extra are nonetheless attainable.

“Simply holding crypto on a steadiness sheet doesn’t assure long-term efficiency,” he defined, reminding everybody of Bitcoin’s turbulent previous.​

⚡️TOM LEE: BITCOIN NOT IMMUNE TO A 50% CRASH

He warns that even with Wall Avenue backing, $BTC may nonetheless face deep drawdowns, similar to the inventory market. pic.twitter.com/xOgzIb6YY0

— Coin Bureau (@coinbureau) October 24, 2025

In the previous few weeks, Bitcoin has confronted tough swings. First capturing as much as practically $126,000 after which tumbling beneath $110,000 earlier than bouncing again. Regardless of the pullbacks, Bitcoin’s place above $110,000 exhibits the market nonetheless has religion, for now.​​​

Nonetheless, huge traders have pumped greater than $1.2 trillion into Bitcoin by main exchanges up to now yr, making it the most important crypto entry level on this planet. At the same time as different cryptocurrencies acquire floor, Bitcoin stays the primary selection for conventional traders, particularly within the US.​

Bitcoin On-Chain Knowledge: Exercise Stays Excessive Regardless of Warnings

On-chain indicators give a clearer image of what’s occurring behind the worth. Bitcoin stays the chief when it comes to community exercise and general demand.

Buying and selling quantity for on-chain perpetuals (crypto derivatives traded straight on the blockchain) hit all-time highs in October, with greater than $1 trillion price of notional worth exchanged this month alone. This implies sturdy curiosity from institutional and retail merchants alike, at the same time as costs swing up and down.​

Nonetheless, some pink flags are exhibiting. The variety of Bitcoin transfers between wallets and exchanges has elevated throughout worth drops, usually an indication that some holders need to take income or restrict their losses.

Bitcoin Change Reserve Supply: CryptoQuant

Whereas many long-term holders are staying put, new consumers are stepping in each time Bitcoin dips beneath main assist ranges. This implies that the market stays lively, with consumers and sellers shortly reacting to strikes in worth.

Bitcoin Technical Evaluation: BTC Displaying A Bearish Tilt

Wanting on the charts, Bitcoin is presently in a consolidation zone after a pointy drop from its latest highs close to $126,000. The value is holding above the 200-day Easy Shifting Common (SMA) at $108,445.78, which acts as a key assist degree. The 50-day SMA is at $114,194.62, now simply above the newest worth, making a “zone of resistance” overhead.​

BTCUSD Evaluation Supply: Tradingview

Technical indicators present combined indicators. The Relative Power Index (RSI) is at 47.34, exhibiting the market is impartial, which means consumers and sellers are evenly matched for now.​

The Shifting Common Convergence Divergence (MACD) stays beneath the sign line, an indication that bearish momentum may proceed if consumers fail to step in.​

In the meantime, the Common Directional Index (ADX) is at 25.47, indicating the pattern is current however not overwhelming, and the market may simply tip in both path.​

The chart additionally exhibits clear horizontal assist and resistance zones. Sellers have repeatedly pushed Bitcoin down from the $125,000–$126,000 space, as marked by pink arrows. On the draw back, sturdy assist will be discovered simply above $108,000 and round $105,000, near the 200-day SMA.

A fall beneath these ranges can be a warning of deeper corrections, and as Lee says, sturdy corrections ought to by no means be dominated out, even in bullish cycles.​

Conversely, if the worth strikes above resistance at $114,200 after which $118,000, Bitcoin may attempt to retest latest highs. However and not using a sturdy catalyst, the trail to greater ranges appears difficult..

For now, technical and on-chain information present Bitcoin is holding, however bulls face a troublesome highway. Because the market waits for its subsequent huge catalyst, staying above $108,000 is essential. If not, even Wall Avenue’s favourite crypto may see a pointy drop earlier than bouncing again.

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