Tom Lee Sees End of Crypto Winter in Sight by April

Veteran market commentator Tom Lee believes the prolonged crypto downturn could be nearing its end. According to him, the crypto winter may have already bottomed or will do so by April at the latest.

Lee pointed out that the market likely needs one final 'undercut' before establishing a durable floor. "We just have to undercut it once more, and then that's the bottom," he said. He emphasized that sentiment is currently at extreme lows, with Bitcoin and Ethereum testing key support levels, potentially paving the way for recovery.

The current market conditions reflect a late-stage bear market, highlighting the need for a strong support foundation for future price increases. Lee believes that once this final 'undercut' occurs, the bottom will be established, and the crypto winter will end or have already ended by April at the latest.