Fundstrat’s Tom Lee says the crypto market has moved past its winter phase, with reduced speculation and leverage creating a healthier foundation for future gains.
Markets Could Move Higher Through March
Markets, including crypto and major tech stocks, appear to have emerged from a recent bear phase, Lee said in a CNBC interview on Tuesday.
He expects markets to move higher in the near term, particularly through March, although he warned that a broader bear market could develop later in the year.
A roughly 20% decline could occur once markets stop reacting positively to good news, a signal Lee views as a typical indicator that a larger downturn may be forming.
For now, much of the speculative excess …