Everything is Faster in Crypto

Tom Lee, the managing partner and head of research at Fundstrat Global Advisors, put it well when he wrote the following words in a client note published this morning: “What happens in years in equity markets is months in the crypto world.” 

We have seen a deep correction in Bitcoin/Cryptocurrencies, however, it is certainly not unusual considering the size of the rally from the September low to the December peak. So far the rebound in Bitcoin has found resistance near the $12,000 level with support now at $11,500 and then $11,000.