Tom Lee said the cryptocurrency market could enter an "extremely bullish" phase over the next 12 months. He tied that view to two factors: excessive leverage was flushed out in October last year, and the four-year cycle is set to bottom next month. The item was published by PANews on Sept. 13. The original note also stated that the content is provided for market information only and does not constitute investment advice. No additional details were provided in the source text beyond Lee’s stated outlook and the timing of the leverage washout and cycle bottom.
PANews reported on Sept. 13 that Tom Lee expects the cryptocurrency market to be "extremely bullish" over the next 12 months.
Lee said his view is based on two points: excessive leverage was cleared out in October last year, and the four-year cycle is set to bottom next month.
The original item also said the content is provided for market information only and does not constitute investment advice.
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