Tom Lee Says Crypto Bull Market Is Underway, Citing Nine 200-Day Crosses

Tom Lee said the cryptocurrency bull market is underway and that the current cycle could become the largest yet.

“Since 2012, there have been nine crosses above the 200-day moving average. Eight of the nine were bull-market flags,” Lee said.

Lee cited the nine crosses in support of his view that the crypto bull market is underway.

Lee has also identified tokenization as a potential driver of the current crypto bull market. That view centers on traditional financial assets moving onto blockchain networks.