Despite Bitcoin's recent volatility and failure to stabilize below $99,000, Bitget's Lee remains bullish, forecasting BTC to reach $110,000-$115,000 in Q3 and potentially rally to $130,000-$160,000 by 2025 end due to institutional demand and adoption trends.
Lee also expects Ethereum to trade in the $2,600-$2,800 range in the short term, with long-term targets of $5,500, driven by network utility and potential ETF tailwinds.
Despite cautious sentiment, Lee's outlook suggests confidence in a strong recovery for top crypto assets in the second half.
The news pertains to Bitget's optimistic forecasts for Bitcoin and Ethereum despite current market conditions, highlighting potential price targets and factors influencing cryptocurrency markets.