Bitcoin RSI bullish divergence draws 2022 comparisons as analysis weighs new price trend

Bitcoin (BTC) price action is offering mixed signals after hitting $80,000 as traders diverge on market trajectory.

Key points:

• Bitcoin weekly relative strength index (RSI) reaches 58.3, repeating a bullish divergence that accompanied the end of the 2022 bear market.
• Daily RSI values reach their most “overbought” since November 2024 near 83.
• Stochastic RSI prints a key crossover but avoids copying previous zero-level bear-market lows.

Weekly RSI echoes Bitcoin’s 2022 bear-market bottom

Relative strength index (RSI) data across daily, weekly and two-month time frames has added to the debate over whether last week’s 25% rebound by Bitcoin will endure.

RSI is a classic indicator for trend momentum. It uses an asset’s average gain or loss over a given lookback window, normally 14 days, to determine the strength of its current trend momentum. For Bitcoin, bullish divergences with price, where RSI makes higher highs while BTC/USD makes lower lows, have accompanied the start of major trend inflections. 

In mid-2022, around six months before the end of Bitcoin’s last bear market, weekly RSI began a bullish divergence, locking in higher lows while BTC/USD saw lower lows. Throughout 2026, a similar pattern emerged, data from TradingView shows.