TOM LEE: BITCOIN (BTC) BULL MARKET HAS RESUMED! | 7 Ways China Is Boosting Blockchain!

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Tom Lee Bitcoin

Tom Lee of Fundstrat recently tweeted,

“A lot of ‘signal’ past few days in crypto and #bitcoin

– China (friendly policy) – New ATH S&P 500 (positive)

– Bitcoin Misery Index bottomed 10/24 at 36 and rebounding (positive)

– Massive price gain on $BTC friday (signal)

Interim ‘risk-off’ ended, and bull market resumes.”

Bitcoin has largely held on to gains made over the weekend and remains almost 25% higher than it was trading late last week.

A number of industry observers have been typically disparaging, calling it a manipulated pump and dump but as yet markets are holding steady.

In other Crypto news today,

China is in the midst of a new blockchain boom.

Cryptocurrencies got a boost, and so did blockchain-related stocks.

What’s next?

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

News Resources From Today’s Show:

https://cointelegraph.com/news/chinese-cryptocurrency-mining-giant-files-for-400-million-ipo-in-us

https://decrypt.co/10832/7-ways-china-boosting-blockchain-what-it-means-for-bitcoin

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