Bitcoin Misery Index Reaches 2016 High: Is a Price Crash Imminent?

Thomas Lee, the co-founder of Fundstrat Global Advisors, has tweeted that the Bitcoin Misery Index (BMI) is at 89. Developed by Lee as a trading tool for investors, the current BMI value signifies a “happy” sentiment in the markets. However, according to Lee, BMI measures above 67 see a sell-off, triggering a drop in Bitcoin price. With this in mind, is a price crash imminent?The Bitcoin Misery Index reached 89 on 4/2. Highest reading since June 2016. Means good and bad.
Good–&