Tom Lee: Three straight monthly gains would end BTC bear market

The Bitcoin bear market is likely over, according to Tom Lee, Chairman of Bitmine (BMNR) and co-founder of Fundstrat. Speaking at the Consensus 2026 Miami event, he told CoinDesk that Bitcoin is breaking out of the downtrend that saw it fall from $126,000 last October to $60,000 in February. Lee noted that after positive monthly closes in March and April, the cryptocurrency has gained another 5% so far in May. He argued that Bitcoin has never recorded three consecutive monthly gains during a bear market, emphasizing that if BTC closes above $76,000 this month, the bear market will be definitively over.