As Bitcoin (BTC) defends a pivotal support level, Tom Lee has called for the end of the crypto winter, setting massive year-end outlooks for the flagship crypto and Ethereum (ETH).
Tom Lee Shares $200,000 Bitcoin TargetDuring a quick-fire round of questions at Consensus 2026, the executive affirmed that Bitcoin could soar “well past all-time highs” by year’s end, forecasting that its price may trade between $150,000 and $200,000 in late 2026.
The chairman’s bold predictions come as the flagship crypto defends a crucial support zone. Notably, Bitcoin had been trading between $74,000 and $79,000 since mid-April, finally breaking out of this range earlier this week.
BTC At Most Crucial Support
As a result, BTC needs to successfully retest the 21-week EMA again to avoid being completely rejected from the resistance area, between the 21-week EMA and the 50-week EMA, and dropping into the mid-$70,000s.
He explained that “when Bitcoin trades below this average cost basis, these whales are holding at a loss,” which means that new whales will be “incentivized to sell just to break even and avoid further losses” if BTC fails to hold the $80,300 area as support.
“Once these whales are back in the green, they stop selling and start holding for higher targets, which is exactly how new uptrends begin,” he concluded.
