Fundstrat’s Tom Lee sees a compressed spring ready to release in the crypto market, but not every coin qualifies. Some pullbacks look like buying opportunities while others hint at something more troubling.
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Fundstrat co-founder Tom Lee described the cryptocurrency market as “a coiled spring.” He believes that while prices have dipped, the reasons to invest in these assets remain strong. A coiled spring holds energy when compressed, and Lee sees the latest crypto pullback as a similar situation.
Bitcoin (CRYPTO:BTC) is trading at about $81,497, down 3.6% over the past two weeks but up 7.8%…
