Weekly RSI bullish divergence in Bitcoin sparks debate over potential trend reversal as indicator reaches 58.3, its highest since BTC/USD last high.
Bitcoin’s weekly relative strength index climbed to 58.3, its highest level since BTC/USD last reached $126,200, signaling a potential shift in momentum. The RSI, a key trend indicator, has shown bullish divergences where it forms higher lows while prices hit lower lows, a pattern seen before major trend inflections in 2022 and 2026.
Analysts note that weekly RSI has historically marked secular trend changes, unlike shorter-term signals. Bitcoin’s 25% rebound last week has intensified discussions about whether the current bear market may be nearing an end, with some comparing recent patterns to past cycle bottoms.
The divergence has led market participants to reassess Bitcoin’s trajectory, though short-term RSI readings remain less conclusive. Previous bullish divergences have preceded significant price upside, adding weight to the current signal.