Bitcoin 'Due' for Explosive Move, Fundstrat's Tom Lee Warns

Fundstrat's Tom Lee believes Bitcoin is overdue for significant price movements of at least 30%. The prediction comes after a relatively stagnant period in the cryptocurrency market. According to Lee, a prolonged consolidation phase can sometimes lead to explosive moves.

In an interview, Lee stated that Bitcoin has been 'due' for large price swings, citing historical patterns as evidence. He pointed out that the asset has experienced significant price jumps following periods of consolidation.