Bitcoin Weekly RSI Echoes 2022 Bear Market Bottom

Bitcoin's price action is presenting mixed signals after hitting $80,000, with traders divided on the market's trajectory. One key indicator offering some insight into the situation is the Relative Strength Index (RSI), which measures trend momentum.

The weekly RSI for Bitcoin has reached 58.3, echoing a bullish divergence that accompanied the end of the 2022 bear market. This pattern, where the RSI makes higher highs while the price makes lower lows, has historically preceded major trend inflections.

Analysts point out that the current weekly RSI is the highest since Bitcoin's all-time high in October 2025. Some see this as a warning sign of an imminent reversal, while others argue that historically, Bitcoin uptrends have been accompanied by multiple 'overbought' periods.

Jonatan Randin, senior market analyst at PrimeXBT, notes that the daily RSI has increased from 40 to 90 over a single weekly candle, similar to late 2022. This extreme move often signals the start of something new, he says.