Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend
Bitcoin’s move above $80,000 has left traders split on whether the rebound can continue. Weekly RSI is showing a bullish divergence similar to the setup seen in mid-2022 before Bitcoin’s last major bottom, with higher RSI lows forming while price made lower lows. Weekly RSI has risen to 58.3, its highest since the October 2025 all-time high, and some analysts say the weekly timeframe is most important for identifying cycle turns. Daily RSI is deeply overbought at 82.93, which some see as a reversal warning, though Bitcoin uptrends often include repeated overbought readings. Another analyst argues the sharp daily RSI surge resembles late 2022 and may signal a new phase in the cycle rather than a simple exhaustion move. On the two-month chart, stochastic RSI has crossed bullishly as expected, but it did so from 4.81 rather than near-zero macro lows seen in prior cycle bottoms.
