“That’s a big deal as you know, as anyone who’s a trend follower knows — when you’re back above your 200-day, you’re back in a bull market. Whenever Bitcoin breaks back into its 200-day, its average six-month gain is 197%.”
Well, I don't know about Tom Lee, the idiot's been spewing all kinds of rubbish and I actually was hoping we'd see guys like him stop it (because as long as they kept pushing out their numbers, the market would prove them otherwise). Funny to see his numbers so low now though, comparative to 2018/19.
BTW, 200MA is definitely on my radar, and on a few others too. I'm just really surprised it's staying above it for such a long time (relative) and at such volume.