Bitcoin bear market will bottom when two-month RSI metric hits zero, trader predicts
Bitcoin traders are watching RSI-based indicators for signs of a bear-market bottom. Max Crypto says BTC has historically bottomed when the 2-month stochastic RSI makes a bullish cross and falls to zero, citing 2014, 2018, and 2022, and expects the pattern to repeat in the next bear market. The 2-month stoch RSI is currently in oversold territory and near levels last seen over three years ago. Other traders are also tracking RSI signals: some see bullish divergence versus the S&P 500, while others note that an extreme daily RSI reading near 15 has often marked major selling exhaustion. Bitcoin’s move back above $64,000 is being linked to bullish RSI divergences across multiple time frames, though some still expect another deeper retracement before a durable reversal.
