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Just came across an interesting take from Tom Lee on where Bitcoin needs to close out May. He's saying if BTC finishes above $76K, that's basically the confirmation we've been waiting for on a new bullish market. Pretty straightforward signal when you think about it.
Looking at where we are right now, Bitcoin's already sitting at $81.17K, so we're already well past that threshold. The question is whether this holds through the rest of the month or if we see some pullback. Either way, the framework makes sense - if we can maintain these levels into May close, it sets up a pretty strong bullish market narrative heading into the summer.
Tom's basically saying this isn't just a bounce, it's the real deal if we can confirm above that level. Watching how the next couple weeks play out will be key. If we stay in this zone, the bullish market case gets a lot stronger.