Tom Lee, a man who is an analyst from Wall Street and a co-founder Fundstrat Global Advisors presented his work to the public. The study is called the “poverty index” for Bitcoin. Due to Lee’s research, it became possible to determine the suitable moment for buying cryptocurrency.
“When the bitcoin misery index is at ‘mіsery’ (below 27), bitcoin sees the best 12-month performance,” Fundstrat Global Advisors co-founder Thomas Lee said in a Friday report. “A signal is generated about every year.”
Thanks to a report from Fundstrat Global Advisors, we can safely say that the value is at 18.8 at this time, which is a record low price since September 2017.
“The last four times this was below 27…there was not a single instance with bitcoin not up 12 months later,” Lee said.
As it is not difficult to guess, when the indicator falls below 27, you can immediately buy cryptocurrency, when it rises above it, the best option will be to sell the available coins.