Tom Lee: Crypto Market to Be "Very Bullish" Over the Next 12 Months, Four-Year Cycle May Bottom Out Next Month

TechFlow reports on September 12 that, according to CoinDesk, Fundstrat co-founder Tom Lee stated he expects the crypto market to be "very bullish" over the next 12 months. He believes that the excessive leverage accumulated in the market was successfully liquidated during last October's deleveraging process, creating a healthier market environment for future trends.

Tom Lee also pointed out that, according to the traditional four-year cycle pattern of the crypto market, this cycle is expected to reach its bottom next month. He believes that the convergence of leveraged position liquidations and a cyclical bottom will form a crucial foundation for the crypto market's upward momentum over the coming year.