Bitcoin ‘Misery Index’ Flashes Highest Since Mid-2016; Crash Coming?

While bitcoin hovers near its highest price in months, you may not have noticed a big move in Fundstrat Global Advisors’ Bitcoin Misery Index. Fundstrat head and perma-bull Thomas Lee tweeted the news on April 11: The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June 2016. Means good and bad. Good–> Since 2011, BMI >67 only seen during $BTC bull markets. More evidence bull starting. Bad –> BMI >67 after peak, $BTC falls ~25% = Profit taking ST.#bitc