#BitcoinPriceAnalysis $BTC

The recent dip of Bitcoin below its 200-day moving average shook traders, but market veteran Tom Lee – co-founder of Fundstrat Global Advisors – believes this decline is temporary and that macroeconomic "obstacles may soon turn into tailwinds."
The leading cryptocurrency fell below a key technical level amid widespread deleveraging in crypto markets, following what Lee described as "the largest deleveraging in history" on October 10. Currently, Bitcoin is trading around $103,200 – a decline of about 5% over the past week.
In an interview with CNBC, Lee attributed the decline to tightened liquidity conditions, the U.S. government shutdown, and the Federal Reserve's firm stance – factors that have weakened investor sentiment. "Bitcoin is extremely sensitive to market liquidity and risk appetite perception," he said.
**Winds turning into tailwinds**
Despite the short-term weakness, Lee remains optimistic about Bitcoin's prospects, believing that as current macro pressures begin to ease, they could fuel a recovery. "Winds turn into tailwinds when these issues are resolved," he noted, comparing the current situation to previous market corrections that subsequently paved the way for gains.
Lee also pointed to broader stock market trends as a positive signal, noting that when stocks experience six consecutive months of growth, the following month is historically stable or slightly positive – a pattern that could carry over to crypto markets.
**Forecast markets remain optimistic**
Sentiment among retail traders also indicates a potential rebound. On Myriad – a prediction platform created by the parent company of Decrypt, Dastan – traders give a 64% chance that Bitcoin will reach $115,000 again before dropping to $85,000. For Ethereum, users assign a 63% probability of reaching $4,500 before falling to $2,500.
Both cryptocurrencies showed signs of slight recovery over the past 24 hours – Bitcoin increased by 1.3%, and Ethereum by 2.6%, suggesting traders are gradually returning to risk assets.