Bitcoin (BTC), after hitting $80,00, is now showing a mixed price movement as traders differ on its trajectory.
Important points
- Bitcoin’s relative strength (RSI), a weekly indicator, reaches 58.3, reiterating a bullish divergence which accompanied the bear market end in 2022.
- The daily RSI value reaches its highest “overbought” From November 2024 to near 83.
- Stochastic RSI displays a critical crossover but doesn’t copy the previous bear-market zero level lows.
The weekly RSI echoes the bear market bottom of 2022 for Bitcoin
The relative strength index (RSI), which is based on data from daily, weekly and 2-month periods has contributed to the discussion over whether or not to use it. last week’s 25% rebound Bitcoin is here to stay.
RSI, or Relative Strength Index (RSI), is a popular indicator of trend momentum. The indicator uses the asset’s gain or loss average over a specified lookback period, usually 14 days, in order to measure its trend momentum. In the case of Bitcoin, divergences between RSI and price have accompanied major trends inflections.
Around six months prior to the last Bitcoin bear market ending, in mid-2022 weekly RSI started a divergence that was bullish, locking higher lows, while BTC/USD experienced lower lows. TradingView’s data indicates that this pattern continued throughout the year 2026.
BTC/USD weekly chart showing RSI with bullish divergences. Source: Cointelegraph/TradingView
Although short-term RSI indicators are less accurate in predicting overall trends in prices, the weekly signals led many to rethink what the state of the bear markets is.
“Weekly is the timeframe that matters here, that’s where you read the secular trend and the cycle inflection points,” Jamie Coutts chief cryptoanalyst at Real Vision wrote On Tuesday, I posted a message on X.
Coutts describes weekly bullish divergences in terms of having “real weight,” Citing price gains that have resulted in the past from divergence.
Weekly RSI is currently at 58.3 – its highest value since October 2025 when BTC/USD broke through a pattern of lower highs. In daily time frames, RSI now measures 58.3. “overbought” Territory at 82.93.
BTC/USD daily chart with RSI. Source: Cointelegraph/TradingView
Participants are divided over what the high daily readings mean. They are the highest they have been since November 20, 2024. Some believe that RSI signals an impending reversal. Others point out the fact historical Bitcoin trends have often been accompanied with multiple RSI indicators. “overbought” RSI above 70 is considered a period.
Jonatan Randy, senior analyst of crypto trading platform PrimeXBT in his latest analysis noted that there were more similarities to 2022. In the past, the daily RSI rose from 40 to 90% in a week’s time.
“An extreme move like this usually signals the start of something new,” HE told X-Followers
“It doesn’t necessarily mean that the bear market is over but it is telling us something. I think what it’s trying to tell us is that we are about to enter a new phase of this cycle.”
BTC/USD RSI Comparison Chart. Source: Jonatan Randin on X.com
Stochastic RSI prints anticipate crossover
Previously, Cointelegraph reported On the expectation that Bitcoin’s 2-month stochastic RSI would follow historical patterns, providing a clear indication over the end to the bear market.
Related: First bear-market trend line reclaim since 2025: Five things to know in Bitcoin this week
Stochastic RSI favors recent price changes, and a crossover of the two trendlines that make up its component lines is a signal for a change to a bullish trend. The event is now complete. The indicator only reached 4.81 and avoided the macro-lows that were near zero in previous crossovers.
BTC/USD 2-month chart using stochastic RSI. Source: Cointelegraph/TradingView
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Source: cointelegraph.com
