Bitcoin's **RSI divergence** at the Q2 and June close has analysts comparing the **$60,000** level to the **$30,000** mark during the **2022 bear market**.
Bullish Bitcoin RSI divergences suggest a potential reversal, yet some analysts warn of new BTC price lows, drawing parallels to the 2022 bear market bottom.
A crucial technical indicator, Bitcoin's weekly Relative Strength Index, suggests the cryptocurrency has not yet definitively found its market bottom.
Despite predictions of Bitcoin potentially dipping below $60,000, market analysis suggests current conditions present a rare long-term buying chance.
Bitcoin's Relative Strength Index (RSI) has reached deeply oversold levels, a technical signal that historically preceded significant price recoveries.
Bitcoin's price has touched a crucial 200-week trend line, a level that previously marked resistance during the 2022 bear market.