On Squawk Box, Fundstrat Global Advisors head of research Thomas Lee said that despite the 16-month correction, bitcoin is en route to a steady accumulation phase throughout 2019. In the past 24 hours, the bitcoin price experienced a roughly 2.7 percent recovery following a slight pullback, climbing to $5,055 and leading a nearly $8 billion crypto market recovery. The slight retrace came after an impressive 19 percent rally of bitcoin from $4,200 to $5,000, a price movement analysts like Lee believe was crucial in rekindling the momentum of the market. Whales Accumulating Bitcoin is a Positive Sign According to Lee,

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