Bitcoin has reached weekly RSI values that are typically seen at bear market bottoms. This could indicate that there is less selling pressure. Although confirmation is still needed, it appears that the market It is a zone that often marks late-stage surrender. Is the latest drop the final blow, or are there still a few more rounds to go?
RSI Compression Signals Downside Exhaustion
According to Crypto analyst Batman says that Bitcoin’s RSI weekly has returned to the territory which historically marked bear market lows. This zone of momentum has appeared repeatedly during late stage capitulation It is a warning sign that the market may be approaching another turning point.
Batman stresses that it is important to wait until the market confirms the bottom before declaring an reversal. Still, he points out that Bitcoin’s weekly RSI compression is usually closer to a structure low rather than the start of a new collapse.
Batman explains that the price was able to reach a final low once RSI reached this extreme. This move was very near the bottom and indicated that the majority of the decline had already been completed by that time. momentum reached such depressed readings.
It is important to note that the word “you” means “you”. analyst The conclusion is that probability matters more than accuracy. His perspective is that when Bitcoin trades around these weekly RSI level, this historically represents a region where strategic accumulation has become increasingly appealing.
Bitcoin’s Six Consecutive Weekly Lower Highs — A Rare Signal
A recent Bitcoin weekly has revealed some interesting facts. analysisSuperBro noted that BTC had now displayed six consecutive lower weekly highs. This is a very rare structural pattern. Last time it happened was in the COVID crash of 2020. This period saw extreme volatility, and eventually a macro-reversal.
The price is now below the 200-week EMA. volume Point of Control. (POC) even though weekly candle not closed. Reclaiming the POC prior to the closing could cause a strong upward reaction, and indicate that the break-up attempt is losing its strength.
The 200-week SMA is just below the current level, and adds another layer to higher-timeframe analysis. support. RSI continues to be at extremes, indicating that the current momentum is very stretched. The case for continued downside becomes less persuasive when you add oversold conditions to six lower highs in a row pressing against major support.
The megaphone structure remains the same, even if the short-term pattern changes. If that macro pattern ultimately plays out, its upper trajectory projects potential targets north of $300,000, keeping the long-term expansion thesis firmly on the table despite current compression.
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Source: www.newsbtc.com
