BitMine Immersion Technologies Inc. (NYSE:BMNR) Chair Tom Lee said on Saturday that the ongoing “cryptocurrency winter” is nearing its end, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) close to hitting their lows.
Lee Says End Is Near
During an interview, Lee cited Tom DeMark, BitMine’s advisor on timing, who suggested that Bitcoin might find support at $60,000 and Ethereum could bottom out at around $1,890.
“I think it touched it to the penny. He thinks we just have to undercut it once more, and that’s the low. meaning we’re really close to the end,” the Fundstrat co-founder said.
Lee further stated that the crypto winter could end as soon as April if it hasn’t already.
Sat down with Tom Lee (@fundstrat) …Full story available on Benzinga.com
