Tom Lee: Bitcoin closing May above $76K would confirm the bear market is definitively over!

Fundstrat co-founder Tom Lee told Consensus 2026 in Miami that a third consecutive monthly gain for bitcoin — closing May above $76,000 — would be definitive proof the crypto bear market is finished. BTC closed April at $76,300 and is currently trading just below $80,000, meaning the threshold is already in the rearview mirror with weeks to spare.

Lee argued that investors remain psychologically anchored to the last downturn and are underestimating the current rebound's strength. He cited bullish technical signals from veteran trader John Bollinger, a tight historical correlation between software stocks and bitcoin, and crypto's outperformance versus traditional markets since U.S.-Iran tensions escalated — with ETH leading gains.

Beyond the near-term signal, Lee laid out the structural case for the next cycle: tokenization and AI-driven finance. Stablecoin transaction volumes have…