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Tuesday Nov 18 2025 04:10
2 min
Bitcoin briefly dipped below $90,000, marking its lowest point in seven months. This drop has sparked debate on whether the market is reaching its bottom or if further declines are ahead.
According to Tom Lee, chairman of BitMine, and Matt Hougan, chief investment officer at Bitwise Asset Management, Bitcoin may be approaching its bottom. Lee attributes the recent decline to significant liquidation events on October 10, coupled with investor anxieties about potential interest rate cuts by the U.S. Federal Reserve in December.
In a CNBC interview, Lee stated, "I think that’s all creating this downside pressure. But I think the good news is there are signs of exhaustion. I did speak with Tom Demar of Demar Analytics, and he thinks there are signs that would look like a bottom that could be occurring sometime this week."
Hougan concurs with Lee's sentiment, adding that current price levels present a "generational opportunity" and a "gift for long-term investors." Hougan also points to trader concerns regarding the economy, artificial intelligence valuations, and potential tariffs from former U.S. President Donald Trump as contributing factors to market volatility.
Hougan noted, "I think we’re nearing a bottom. I look at this as a great buying opportunity for long-term investors. Bitcoin was the first thing to turn over before this broader market pullback. It was sort of the canary in the coal mine signaling that there was some risk in all sorts of risk-on assets."
Despite recent declines, Lee predicts that Bitcoin will recover all lost ground and establish a new all-time high, driven by a stock market rally later this year.
Lee explained, "Between now and year end, you know, I’m pretty bullish on stocks. You know, this sort of weakness in the first half of November was what we expected, but as markets rally, I think that’s going to help propel Bitcoin to an all-time high."
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
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