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). Related Reading: DeFi Platform TrustedVolumes Hit 
By $6.7M Hack As 2026 Exploits Surge Tom Lee Shares $200,000 Bitcoin Target 
Tom Lee, the chairman of Ethereum’s largest treasury firm, Bitmine Technology, 
shared bold end-of-year price predictions for the two largest cryptocurrencies 
by market capitalization. During 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. He also predicted that Ethereum could rally into 
year-end, potentially reaching new highs between $9,000 and $12,000. Lee said 
his bullish outlook is based on his belief that the crypto winter is over and 
that a recovery rally could unfold over the coming months. “Crypto Spring, in 
our view, has commenced, and like past cycles, investor sentiment and 
conviction are muted and bearish even as crypto prices strengthen,” he 
asserted earlier this week, adding that the potential passage, or even 
failure, of the crypto market structure bill confirms the arrival of crypto 
spring. 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. 
The flagship crypto soared past the $80,000 resistance on Monday for the first 
time since January. It then rallied during the first half of the week toward 
the key $82,500 resistance before rejecting on Thursday. Now, Bitcoin is 
trading between the $79,000-$80,000 area, which some analysts suggest could 
make or break BTC’s rally. BTC At Most Crucial Support Rekt Capital 
highlighted that Bitcoin has successfully held the 21-week EMA, around the 
$78,000 level. However, he warned that “this move through this resistance area 
hasn&#8217;t been very sustainable thus far, which opens up the possibility for yet 
another retest of the 21-week EMA going forward.” 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. Meanwhile, market analyst Ali Martinez 
affirmed that Bitcoin is currently trading around the most important 
resistance level as the average cost basis of new whales, the entities that 
bought in the last 155 days, currently sits at $80,300. 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. Related Reading: Solana Eyes New Leg Up After Triangle Breakout – Is 
$96 The Next Stop? Martinez warned that this panic to exit would create a wave 
of selling pressure that pushes prices much lower. On the contrary, if the 
flagship crypto turns this level into support, it’d signal that selling 
pressure has exhausted. “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. Featured Image from Unsplash.com, Chart from 
TradingView.com

Tom Lee Sets $200,000 Year-End Bitcoin Target As Price Defends Crucial Support

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Tom Lee Sets $200,000 Year-End Bitcoin Target As Price Defends Crucial Support

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