BTC price RSI prints key 2026 signal: Five things to know in Bitcoin this week
Bitcoin is approaching the end of June and Q2 under pressure, with $60,000 turning into resistance after a weekly close below $59,500 and June losses near 19%, the worst since the 2022 bear market. Traders are watching bullish RSI divergences on multiple time frames as a possible short-term bottom signal, with some also noting a potential double bottom. Still, bulls need a decisive break above about $61,000 to confirm strength. Macro focus this week includes ISM manufacturing PMI and June payrolls, while historical seasonality suggests July often performs better after a weak June. Some analysts expect a relief bounce in July, though others warn the broader bear trend may not be finished. Onchain data adds a cautious bullish note: CryptoQuant’s UTXO Block P/L Count Ratio has fallen to 5.9, its lowest since 2022, which is being framed as an early “bottoming flag” amid a deeper market reset.
