BitMine Chair Sees Bitcoin Support at $60K, Ethereum at $1,890 and April Recovery
BitMine Immersion Technologies Inc. Chair Tom Lee said Bitcoin may find support at $60,000 and Ethereum could bottom at $1,890, with the crypto winter potentially ending by April. He cited advisor Tom DeMark’s timing model after Bitcoin’s 45% decline from its October peak.
1. Lee’s Crypto Winter Forecast
Tom Lee, Chair of BitMine Immersion Technologies, highlighted Tom DeMark’s model suggesting Bitcoin support at $60,000 and Ethereum at $1,890. He believes prices have nearly undercut those levels and that the downturn could conclude by April if it hasn’t already.
2. Market Context and Implications
Bitcoin has fallen about 45% since its October all-time high, prompting forecasts of a slow, grinding rebound rather than a sharp V-shaped recovery. Lee’s outlook follows his January prediction of a 10–15% pullback and comes amid conflicting signals from other Fundstrat analysts.