‘Crypto is bottoming now’: Why Fundstrat’s Tom Lee expects a rebound
Top analysts are split on the way forward for the crypto market.
In a recent interview with CNBC, Fundstrat’s Tom Lee remained confident that the crypto market could see a relief rally.
Lee, who also doubles as the chairman of the world’s largest Ethereum treasury firm BitMine Immersion, said everything was in place for the crypto market to bottom.
“Tom deMark, BitMine crypto advisor, has been waiting for time and price to align, $77K for BTC and $2400 for ETH. So all the pieces are in place for crypto to be bottoming right now. As long as crypto fundamentals are good, recovery should be in place.”
Source: X/Tom Lee
According to him, the decline in crypto was expected following the announcement and confirmation…
