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Tom Lee: Bitcoin's Four-Year Cycle Pattern Has Been Broken, But a 50% Correction is Still Possible
BlockBeats News, October 25th, Tom Lee said on Thursday during an interview with cryptocurrency entrepreneur Anthony Pompliano: "I'm certain that Bitcoin will see a 50% correction. Stock market corrections of 25% are becoming more frequent. Over the past six years, the stock market has made significant progress; we've had abnormally large 25% corrections, so if the S&P 500 drops 20 points, Bitcoin could fall by 40 points."
Tom Lee also stated that Bitcoin has already broken its typical four-year cycle, indicating a "longer cycle" is forming.
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