Head of research at Fundstrat and the famous Bitcoin bull- Tom Lee appeared on the headlines after the spectacular Bitcoin rally. The successful analyst points to a key criterion that shows how the world’s most popular cryptocurrency is accumulating gains.
Tom Lee: it looks like one of the 10 best days of Bitcoin
Tom Lee made a share on Saturday after the recent Bitcoin price increase. In line with their earlier statements, Tom Lee and his research team show that Bitcoin (BTC) made most of its gains in just 10 days of a given year. Tom Lee says that if one doesn’t own Bitcoin for the top 10 days of the year, it’s -25% annual return.
Tom Lee believes that the strategy of maximizing earnings is simply ‘selling and investing’. According to the analyst, the BTC gold rule repeated. According to Tom Lee, on Friday (October 25th), it seems to be one of the 10 best days of Bitcoin, because Lee increased the cryptocurrency’s value by more than 30% to more than $10,000. The BTC price was then corrected, and currently, the cryptocurrency is trading around $9,000 while this article was published
Lee confirms another key indicator of Bitcoin bull market
Earlier this month, Tom Lee confirmed another important indicator of Bitcoin bull market- the S & P 500.
Before everyone starts freaking out whether crypto winter is over, remember the @fundstrat ‘rule of 10 best days’ (rule #6)
– ex-10 best days, #bitcoin down 25% per year. All the gains come in 10 days. Are u that good at trading?
— Thomas Lee (@fundstrat) September 28, 2019