Tom Lee: 2019 Bitcoin Allocation Advice Resurfaces
Tom Lee advised 1-2% Bitcoin allocation at $5,000 in 2019; BTC now trades at $79701.47 above EMA50 support with neutral RSI at 53.7.
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Tom Lee drew mockery in 2019 for recommending a 1-2% BTC allocation when the asset traded at $5,000. Current price action at $79701.47 underscores how that stance has aged.
Price holds above the EMA50 at $78644.55 and EMA200 at $73080.95, locking in the bullish trend structure even as MACD prints a death cross at 410.87. Trading inside the Bollinger bands between $76117.4 support and $82555.04 resistance, with RSI(14) at 53.7 neutral, points to consolidation before any test of upper-band resistance. BTC price prediction flows now reference this exact confluence for near-term direction.
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