Tom Lee, co-founder of Fundstrat Global Advisors, recently asserted that Bitcoin (BTC) is currently “extremely oversold,” signaling potential for a significant rebound. His commentary was spurred by discussions within the cryptocurrency community, where skepticism surrounding his optimistic price predictions continues to grow.
Lee’s remarks were made in response to a post by Julien Bittel, Head of Macro Research at GMI, who illustrated a chart depicting Bitcoin’s historical price movements following instances when its Relative Strength Index (RSI) dipped below 30. Traders typically interpret such low RSI readings as indicators that an asset might be undervalued. Lee responded affirmatively, stating, “Bitcoin [is] extremely oversold. Bounces follow.”
Bittel’s analysis suggests that Bitcoin’s recent price performance mirrors previous recoveries after oversold conditions, indicating that this pattern could persist if the current bullish market remains intact. He also challenged the traditional belief in Bitcoin’s four-year market cycle, proposing instead that this cycle has been fundamentally influenced by dynamics surrounding public debt refinancing rather than the Bitcoin halving events themselves. Bittel concluded that the cycle appears to have officially “broken,” predicting it could extend into 2026 given current liquidity and business cycle conditions.
In line with his bullish stance, Lee maintains aggressive price targets for Bitcoin. Earlier reports indicated he expects Bitcoin could surge between $150,000 and $200,000 by late January, but more recently, he indicated at Binance Blockchain Week that the asset might even reach $250,000 in the near term. Despite his optimistic outlook, history shows that while his directional predictions were often validated — for instance, Bitcoin has reached all-time highs in October 2025 — the timing and magnitude of his forecasts have frequently proved premature or overly ambitious.
Community feedback has taken a critical turn against Lee’s assertions. Comments on social media reflect a growing discontent, with some questioning why Fundstrat is reportedly investing in alternative cryptocurrencies rather than focusing on “oversold” Bitcoin. Others voiced skepticism about the validity of price projections in light of recent losses, while some dismissively noted that Lee’s continuous forecasts have become repetitive.
As Bitcoin struggles to maintain its upward trajectory, trading at $88,195 and reflecting a considerable decline from its October highs, analysts are analyzing its technical outlook. Valdrin Tahiri from CCN has expressed a bearish perspective on Bitcoin’s price, suggesting it has entered a corrective phase characterized by a decline that could potentially see prices fall to the $70,000–$72,000 range before a possible rebound. He noted that while a significant bounce could follow once this correction concludes, the volatile nature of the market necessitates caution regarding any price projections.
