Bitcoin tops $84,000 as monthly RSI rebounds, boosting long-term momentum

Bitcoin’s monthly relative strength index (RSI) is rebounding from its 2026 low range, showing signs that long-term momentum is coming back to life.

On Aug. 25 (local time), The Crypto Basic, a blockchain media outlet, reported that Bitcoin’s monthly RSI was around 54 as of Aug. 24. That was above the five-month average of 47.

The rebound is also emerging alongside a price recovery. During the period when Bitcoin’s 2026 decline deepened, its RSI fell to the mid-40s. The price also slid from around $97,860 to $57,700 in July, a drop of 40.99 percent. Bitcoin later rose as high as $87,265 at one point this week, rebounding 51 percent from the July low.

Bitcoin analyst PlanB shared a Block Horizon chart and pointed out that "Bitcoin’s flow is strengthening." The monthly RSI moving back above 50 leads to an interpretation that Bitcoin’s upward momentum is recovering. Still, the RSI remains below 70, which is seen as an overheating zone.

Compared with past moves, the current reading is still near a neutral range. On charts, major peaks were generally formed when the RSI was above 85, and during phases of sharp corrections a pattern repeatedly emerged in which it slipped below 50. In particular, when Bitcoin hit a high of $126,200 in 2025, the RSI failed to top 80 as in the previous bull market and turned down in the mid-70s. By contrast, in this downturn the RSI fell below 50, similar to past bear-market lows.