Fundstrat: Bitcoin (BTC) To Stage “Pretty Big Recovery” Starting In 2019

Bitcoin (BTC) surged past $5,000 mere weeks ago, and Tom Lee, the head of research at Fundstrat Global Advisors, wants back in on the crypto space. The notable industry analyst, known for the price predictions he made in 2017 and early-2018, claimed in a recent CoinTelegraph segment that BTC is likely to stage a “pretty big recovery” in the coming eights months, and here’s why the permabull thinks so.

First, he looked to an indicator that has firm has established, the Bitcoin Misery Index (BMI). The Fundstrat co-founder claimed that his firm’s proprietary aptly-named Misery Index, which weighs an array of factors to find out Bitcoin investor sentiment, reached a reading of 89 (very happy) on April 2nd, which was when BTC rallied past $5,000.

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