Bullish Bitcoin RSI divergence has analysts calling for 2022-style bear market bottom
Bitcoin's Relative Strength Index (RSI) signals have sparked hopes of a recovery, with some analysts comparing the current market to the 2022 bear market. A bullish RSI divergence has formed, where the RSI makes higher lows while the price makes lower lows, catching the attention of market participants. The formation of this divergence has led some traders to anticipate a BTC price reversal, although others still predict new lows are to come.
- ▪A bullish RSI divergence has formed on the Bitcoin chart, sparking hopes of a recovery.
- ▪Some analysts are comparing the current market to the 2022 bear market, where a similar RSI divergence occurred before a durable market floor was established.
- ▪Other traders still predict new lows are to come, with some targeting a price of $55,000 before any big move.
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Written by William Subergstaff writerReviewed by Ray Salmondstaff editorWritten by William Subergstaff writerReviewed by Ray Salmondstaff editorBullish Bitcoin RSI divergence has analysts calling for 2022-style bear market bottomMarketsPublishedJun 29, 2026Bitcoin RSI bullish divergences formed the basis for the new bull case, but some market takes warned that new BTC price lows were still to come.Bitcoin (BTC) continued its battle to reclaim $60,000 into the weekend as chart cues fueled hopes of a recovery.
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