Benzinga and Yahoo Finance LLC whitethorn gain committee oregon gross connected immoderate items done the links below.
BitMine Immersion Technologies Inc. (NYSE:BMNR) Chair Tom Lee said connected Saturday that the ongoing “cryptocurrency winter” is nearing its end, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) adjacent to hitting their lows.
During an interview, Lee cited Tom DeMark, BitMine’s advisor connected timing, who suggested that Bitcoin mightiness find enactment astatine $60,000 and Ethereum could bottommost retired astatine astir $1,890.
“I deliberation it touched it to the penny. He thinks we conscionable person to undercut it erstwhile more, and that’s the low. meaning we’re truly adjacent to the end,” the Fundstrat co-founder said.
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Lee further stated that the crypto wintertime could extremity arsenic soon arsenic April if it hasn’t already.
Sat down with Tom Lee (@fundstrat) during Consensus successful Hong Kong to chat astir the Crypto Winter, the dip connected $ETH, BitMine's concern successful Mr. Beast and more!
01:11 – When volition the symptom halt for Crypto?
02:14 – Crypto vs Gold, arsenic hedge vs Inflation
06:06 – What's TradFi's take… pic.twitter.com/Hq8IlSEMgD
Lee’s predictions travel successful the aftermath of a tumultuous play for cryptocurrencies, wherever prices plunged to multi-month lows. Bitcoin, for instance, has tumbled 45% from its all-time precocious successful October.
Last week, Fidelity's Jurrien Timmer also called Bitcoin’s $60,000 debased the rhythm bottom.
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Influential cryptocurrency traders person ruled retired a crisp V-shaped betterment for the apex cryptocurrency, alternatively projecting a “slow, grinding” rebound.
Lee’s latest prediction follows his earlier 2026 cryptocurrency outlook. Back successful January, helium forecasted a 10-15% pullback due to White House and Fed argumentation risks.
Notably, Fundstrat faced backlash over conflicting Bitcoin predictions from its analysts past year.
Sean Farrell, Fundstrat's caput of integer plus strategy, indicated a basal lawsuit wherever bitcoin mightiness retrace to the $60,000–$65,000 scope successful aboriginal 2026. Conversely, Lee's comments suggested Bitcoin could scope caller all-time highs by aboriginal 2026.
Photo Courtesy: Alexandru Nika connected Shutterstock.com

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