Tom Lee, chairman of Bitmine (BMNR) and co-founder of Fundstrat, predicted that the BTC bear market is likely to have virtually ended. According to CoinDesk, he attended the Consensus 2026 Miami event and said, "BTC is breaking out of the downtrend that saw it plummet from $126,000 in October last year to $60,000 in February this year. After closing with monthly gains in March and April, BTC is up an additional approximately 5% in May. There has been no instance of BTC closing with three consecutive months of gains during a bear market. If BTC closes above $76,000 this month, the bear market is definitely over," he emphasized.
