Tom Lee says Bitcoin technical action signals crypto bull market

12 articles · Updated · MarketWatch · May 7

At the Milken Conference in Los Angeles, Lee said bitcoin topped $80,000 this week, has risen 17.5% since the Iran war began and is on pace for a third straight monthly gain.
He said exchange meetings showed institutions are starting to go long crypto, while Bollinger Capital's John Bollinger said his bitcoin trend model had turned positive and his Tactica program was fully invested.
Lee was especially bullish on Ethereum, up 15.4% since the war began but down 21% this year, arguing it typically accelerates later in recoveries even as bitcoin remains 35% below its October 2025 peak.

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