Bitcoin perma-bull Tom Lee of Fundstrat tried to buttress his recent projection that the bitcoin price is due for a major rally soon. On March 17, Lee tweeted that the “tailwinds” that had dragged bitcoin down during the current Crypto Winter are easing. Specifically, Lee claims that “macro factors such as a rally in risk assets plus the US dollar no longer surging are tailwinds for BTC.” Lee: Emerging Markets Dragged Bitcoin Down Lee then claimed that a plunge in the emerging markets had “pulled down” bitcoin during the past few months. A correlation between bitcoin’s performance and that of
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