Tom Lee: Bitcoin Misery Index Indicates Crypto Winter Ended When BTC Hit $3,000

Is The Bitcoin Bear Market Over?

Fundstrat’s Tom Lee, a Bitcoin (BTC) permabull, has taken to public forums again to explain why he believes that worst is in for cryptocurrency market. In a tweet posted Thursday, the Fundstrat head of research 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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