Tom Lee: “Bitcoin is not broken. It keeps at stable levels “

Tom Lee: “Bitcoin is not broken. It keeps at stable levels '

Despite the sharp drop in bitcoin last week, Tom Lee, CEO of Fundstrat, continues to insist that the market is coming soon. «bullish» mood. In an interview with CNBC, he noted that BTC still has enough reasons to increase its value..

According to Lee, even against the background of general «bearish» trends, the dominance of bitcoin has increased proportionally, which is a clear indicator of investor confidence in the strength and its potential. He also believes that while last week’s news was supportive «bears», investors enter the market with long-term strategies of work.

Tom Lee also noted that the ups and downs can be viewed as an indicator of the health of an asset. Such behavior, in his words, is in no way a sign of weakness for BTC, since he repeatedly tested the support of $ 6 thousand.. «Bitcoin is not broken if it is still at stable levels. People are afraid that he will return to $ 6 thousand and will not be able to win «bears», although this has already happened several times», — thinks Lee. He also noted that, as a rule, in volatile markets, the social impact of many news often leads to an exaggerated reaction..

Earlier we wrote about why Tom Lee insisted that the bitcoin rate would rise sharply in the summer..

Tom Lee: “Bitcoin is not broken. It keeps at stable levels '

text: Evgeniya Likhodey, photo: Bloomberg

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