Tom Lee recently said there are a plethora of signs that point to crypto no longer being in a bear market.
We are all ready for prices to start going up and it appears there is now at least 13 reasons why we should be hopeful for prices to continue to do so.
Tom Lee of Fundstrat Global Advisors put out 13 reasons why him and his firm now believe that bitcoin has entered its next bull market.
The list can be seen below:
(Source: https://twitter.com/fundstrat/status/1130088055384215553)
Click the link to see the full list.
Lee used a combination of some technical analysis, Wall Street involvement, bitcoin metrics, and generally positive sentiment in order to form his opinion.
What do you think, are we out of the bear market?
I personally think we are.
I think there are some very clear and well defined cycles that take place with bitcoin since it was created mostly relating to its halving event roughly every 4 years.
If these cycles continue to play out like they have in the past, we are currently in the early stages of a two year bull market.
A bull market that will likely take prices much higher than their previous all time highs.
Stay informed my friends.
-Doc
So, I can take my winter coat off now?
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I think so, yep!
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Thanks.
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I agree as even on the pullbacks, price action is looking better given higher lows on the charts and selling being met with demand.
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There hasn't been one legitimate pull back yet. I'm shocked. Every little dip is immediately bought right back. Not letting anyone in.
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If the prices were not enough to show that, I can only agree with those 13 main reasons...
And more news like that will come and support even more the theory and eventually no one else will be talking about bear markets until 4 years from now.
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I think closer to 2 years, but yep I agree with what you are saying!
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Looking at the trend all around seems like this is it !
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Yep.
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