Tom Lee says stop timing the bottom and start buying the dip

Group 1 - Thomas Lee, chief investment officer of Fundstrat, advises investors to focus on finding entry points rather than trying to time the market, especially in light of Bitcoin's recent 50% drawdown from its October highs [1][2] - Bitcoin has recently fallen below $67,000 after a brief recovery, while Ethereum's price has also decreased to around $1,950, reflecting a 3% drop [2] - Lee attributes the recent weakness in cryptocurrency prices to volatility in metals, particularly gold, which has seen significant fluctuations in market capitalization, impacting risk assets [3] Group 2 - Lee notes that Ethereum has experienced multiple 50% drawdowns since 2018, often followed by sharp rebounds, and suggests that a dip below $1,800 may be necessary to establish a "perfected bottom" for a sustained recovery [4] - Despite previous forecasts, including a prediction that Bitcoin would reach $200,000 by the end of 2025, the cryptocurrency peaked at $126,000 before falling to $88,500 by the end of the year [4][5] - Lee has indicated that Bitcoin could potentially reach another all-time high in January 2026, although it has recently dropped to $78,500 [5]