Bitcoin RSI Flashes 2022 Bottom Signal As $60K Battle Intensifies

Bitcoin (BTC) held near $60,000 after fresh RSI signals revived comparisons with its 2022 bear-market bottom.

Bitcoin RSI

Bitcoin traded back above $60,000 into the weekend, while data cited by TradingView showed volatility cooling after a sharp early-June selloff.

The latest bullish case centers on the relative strength index, a momentum gauge used to compare recent gains with recent losses.

On the four-hour chart, RSI made higher lows while Bitcoin made lower lows, forming a bullish divergence that traders often read as a possible reversal signal.

Pseudonymous trader Rod compared the setup with the end of the 2022 bear market, when weekly RSI divergence appeared as Bitcoin set a floor near $15,600. “Once you see it, you can't unsee it,” Rod wrote on X. “It's 2022 again.”

Crypto analyst Lukasz Wydra said the daily RSI divergence had been confirmed, while noting it could still deepen before price action improves. He called the signal “encouraging” and said Binance appeared to be defending the price near current levels.

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BTC Support

The bullish reading has not removed downside risk. Niels Klaver, co-founder of STABL Agency, repeated his view that Bitcoin could still revisit $55,000 before making any larger move.

Trader and analyst Rekt Capital said July could bring a relief bounce, as the month often behaves differently from June. Still, he warned that $60,000 could weaken as support if Bitcoin confirms the 50-month exponential moving average as resistance.

That would leave August as a possible window for renewed downside, rather than an immediate reversal. The market is now balancing a visible momentum divergence against repeated warnings that the current support zone has not been fully tested.

The comparison with 2022 matters because that cycle also ended with weak price action and improving RSI before the broader market recovered. Bitcoin’s June drop drove four-hour RSI as low as 11.4, one of its lowest readings on record, making the current rebound attempt a key test of whether sellers are losing control.

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