I just noticed that Bitcoin broke the $76k mark in May – according to Tom Lee, this could actually confirm a new bull market. Interestingly, we are now even above $81,000, well above that level.

What concerns me: if this really is the start of a new bullish run, we should be careful not to get too euphoric too early. The previous bear market taught many that corrections can happen at any time. The question is more whether this breakout is sustainable or if we will see pullbacks again soon.

Tom Lee has a point – $76K was psychologically important. But now that we are already higher, it will be interesting to see how stable it remains. Those who haven't gone long yet might wait for a consolidation before entering more significantly.