Tom Lee, co-founder of Fundstrat Global Advisors, said yesterday in his Twitter blog that “crypto-winter” has come to an end.
The 13th sign confirming the end of “crypto-winter”, according to Tom Lee, is the Consensus conference, which took place quite recently in New York – the crypto industry has finally begun to recover after several stagnant months. The most significant indicator was the rapid recovery of the BTC rate after the 20% drawdown that occurred last week.
After a disturbing pullback to ~ $ 6,200, #Bitcoin back> $ 8,000 further cementing positive trend intact.
As we said a few weeks ago, Consensus 2019 @coindesk was crying for winter…
… Confirmed pic.twitter.com/M8ni4g2YvX
Thomas Lee (@fundstrat) May 19, 2019
In addition, one of the signs is the increase in the number of transactions on the Bitcoin network per day, and the fact that the so-called BTC (BMI) index of disaster has reached 67 is important. the end of the summer of 2017.
Tom Lee also pointed out the appearance of “bull crosses” on the Bitcoin price chart, this is about overcoming the cryptocurrency 200-day sliding. A sign of the end of the bearish movement can also be considered an increase in the activity of new users on crypto-exchanges – by 60% -70% compared with the indicators relevant 4 months ago. Tom Lee's list includes a calm response from the crypto community to litigation involving Bitfinex and Tether representatives. This indicates growing up and, in fact, a decrease in volatility in the market. In addition, Lee drew attention to the publication of Touram Demister that the wagers of the hodlers began to be actively replenished with BTC-funds.
