Will Bitcoin Mirror Tom Lee’s Bullish Stance on S&P 500?

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Fundstrat co-founder and bitcoin analyst Thomas Lee has confirmed his belief that 2019 may be the start of a new bull market for the S&P. Will this hold true for BTC too? Analysis by Thomas Lee Confirms S&P Bull Market This Monday, the Fundstrat co-founder tweeted out his analysis of the state of S&P 500. Despite weakening global growth, increasing uncertainty surrounding trade wars and backlash against big tech companies, the S&P 500 closed at a new all-time high. S&P 500 closed at a new all-time high and given the broad participation, seems decisive. – if markets follow path of 3 precedent ‘markets to nowhere’ this is good news for equity investors. – avg gain is 51% over next 2 years. Means 2019 looks like the start of new bull#BTD pic.twitter.com/fGcV7FP5gf — Thomas Lee (@fundstrat) October 28, 2019 He pointed to three past precedents whereby the S&P suddenly went on…

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