Tom Lee: A dip has been seen; expectations for upward movement continue in $ETH and #BTC. BitMine’s Tom Lee told CNBC that the market has provided clear signals of a bottom formation and is now moving back toward all-time highs. According to Lee, recent rebalancing and the “gradual bear market” process have largely priced in most downside risks. Tom Lee remains bullish on crypto assets, including #Ethereum and #Bitcoin, as well as on Mag-7, software, and energy stocks. He expects these assets to stand out through strong buying pressure and lead the broader market.
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