Tom Lee Says Bitcoin Is Extremely Oversold as RSI Drops Below 30 and Price Holds Near $90,000
In the past 30 days, Bitcoin has fluctuated between $85,000 and $94,000, staying below the key $100,000 mark while analysts monitor signs of a possible rebound. Tom Lee views Bitcoin as extremely oversold, pointing to an RSI under 30 and historical patterns that have previously led to average rebounds of about 25% within 60 days. With BTC recently trading around $89,972.73 and volatility driven by whale activity, market participants are watching whether support near $85,000 and a recovery before year's end can hold.