Written by William Subergstaff writerReviewed by Ray Salmondstaff editor
Written by William Subergstaff writer
Reviewed by Ray Salmondstaff editor
Bullish Bitcoin RSI divergence has analysts calling for 2022-style bear market bottom
MarketsPublishedJun 29, 2026
Bitcoin’s Bullish RSI Divergence: A Sign of Relief or Further Downside?
As Bitcoin continues to battle for the $60,000 mark, a bullish divergence in the relative strength index (RSI) has caught the attention of market analysts, sparking hopes of a recovery. This divergence, where the RSI makes higher lows while the price makes lower lows, has been a key indicator of potential price reversals in the past. With the current bear market drawing comparisons to 2022, some analysts believe that history may be repeating itself, and a durable market floor could be on the horizon.
Key points:
- Bitcoin RSI signals spark comparisons to the end of the 2022 bear market as a bullish divergence filters through.
- Analysis sees “encouraging” evidence of buyers defending the market at $60,000.
- Some traders still see new lows coming, but these could take until August.
Analysis on Bitcoin RSI: “It’s 2022 again”
The four-hour RSI has fallen to record lows, reaching 11.4 at the start of June, while the weekly RSI bullish divergence has also kicked in. Crypto analyst Lukasz Wydra has confirmed the bullish RSI divergence on the Bitcoin chart, describing it as an “encouraging sign.” Meanwhile, other traders remain cautious, predicting further downside pressure and sticking to existing predictions of a potential trip to $55,000 before any significant move.
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At the time, a weekly RSI bullish divergence kicked in while BTC/USD set its bear-market low of $15,600 — an event that subsequently provided a durable market floor.
Four-hour RSI, meanwhile, fell to just 11.4 at the start of June, marking one of its lowest levels on record.
BTC/USD four-hour chart with RSI data. Source: Cointelegraph/TradingView
On Friday, crypto analyst Lukasz Wydra added daily time frames to the mix of RSI bull signals.
“The bullish RSI divergence on the Bitcoin chart has now been officially confirmed. It may still deepen, but at the same time we can clearly see that Binance continues to defend the price,” he told X followers.
Wydra described the RSI signals as an “encouraging sign.”
BTC/USD one-day chart. Source: Lukasz Wydra/X
New BTC price lows remain popular target
Other traders stuck to existing predictions of further downside pressure entering sooner or later.
Related: BTC price four-year trend calls for $76K as analysis says Bitcoin ‘not broken’
Niels Klaver, cofounder of crypto platform STABL Agency, repeated calls for a trip to $55,000 “before any big move” to change the status quo.
BTC/USD comparison. Source: Niels Klaver/X
Trader and analyst Rekt Capital suggested that a relief bounce could characterize the market next month thanks to July typically contrasting with June price action.
Once it confirmed the 50-month exponential moving average (EMA) as new resistance, BTC/USD would then see “August cancellation of relief and additional downside due to $60k weakening as support,” he wrote this week.
BTC/USD one-month chart with 21, 50EMA. Source: Rekt Capital/X
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
- Bitcoin Price
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- Market Analysis
- Bitcoin
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