Bitcoin’s weekly Relative Strength Index remains below a key threshold that historically marks the end of bear markets.
Bitcoin’s weekly Relative Strength Index (RSI) has not crossed a critical level that has consistently indicated the transition from bear to bull markets in past cycles. This threshold has served as a reliable signal for market bottoms across multiple cycles, but the indicator remains below it currently.
Historically, the RSI level has separated prolonged bear markets from sustained rallies. Analysts note that until this metric clears the line, Bitcoin’s recovery may lack confirmation. The current reading suggests the cryptocurrency has yet to establish a definitive bottom.
No immediate market reaction was observed, as traders await further confirmation of a trend reversal.