Super Bull Tom Lee Predicts Rally for Bitcoin and Ethereum – Here Are the Details

Fundstrat Co-Founder and Head of Research Tom Lee shared his expectations for the cryptocurrency markets and stated that he predicts a strong crypto rally by the end of the ￰0￱ effects of the recent major liquidation due to global trade tensions have faded and the market is poised for recovery according to Tom ￰1￱ believes a crypto rally will occur towards the end of the ￰2￱ main reasons for this optimism are as follows: Technical Indicators: Open interest levels for both Ethereum and Bitcoin have fallen to “record lows,” but technical indicators are starting to “turn positive.” Institutional Support: He said that JPMorgan's statement that it was open to the idea of using cryptocurrencies as collateral was a positive ￰3￱ Resilience: Lee argued that even during the recent massive deleveraging event

which was “many times larger than what happened during FTX,” Bitcoin only fell 3-4% proving it to be a “pretty good store of value.” Ethereum Fundamentals: He said that fundamental activity on Ethereum (especially from the L1 and L2 space and stablecoins) has increased significantly but that this has not yet been reflected in the price and that there should be a “fairly large movement” towards the end of the ￰4￱ News: ￰5￱ Data Published Uninterrupted for 100 Years

May Not Be Released Next Month Lee also reminded that cryptocurrencies tend to be an early indicator of overall market liquidity and the direction of stocks adding that the current crypto movements are “sending a pretty bullish signal” to the market. *This is not investment ￰6￱ Reading: Super Bull Tom Lee Predicts Rally for Bitcoin and Ethereum – Here Are the Details