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Bitcoin RSI Echoes 2022 Bear Market Bottom as Traders Debate Price Trend

Guavy AI Editorial Team
Instruments
BTC
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The Bitcoin price action has been sending mixed signals since hitting $80,000, with traders disagreeing on its trajectory.

A bullish divergence in the weekly relative strength index (RSI) is drawing comparisons to the end of the 2022 bear market.

The RSI reached 58.3, repeating a pattern that accompanied the end of the previous bear market.

On daily time frames, RSI values have reached their most 'overbought' since November 2024, near 83.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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