Bitcoin’s ‘most oversold’ weekly RSI hints at BTC price rebound in 2026
Bitcoin experienced a 36% price drop to $80,500 from its all-time high, causing its weekly relative strength index (RSI) to fall to 35—levels last seen in early 2023. Such low RSI values indicate oversold conditions, historically preceding significant price reversals or further declines. Some traders anticipate a bounce, referencing the Stochastic RSI and historical patterns, while others caution that prior oversold readings led to further substantial drops. Onchain indicators, such as Bitcoin’s NVT Golden Cross, suggest the cryptocurrency is undervalued relative to network activity, with the metric at historically low levels. This phase is typically associated with accumulation and healthier market discovery, as seen in past cycles before major rallies. Overall, Bitcoin appears undervalued according to network usage data, but trader sentiment is divided between expectations of a recovery and caution against potential further declines.
