Analyst: Two months of Bitcoin’s random RSI dropping to zero may indicate this bear market is nearing its bottom

BlockBeats message, July 14: Trader Max Crypto said that Bitcoin’s two-month cycle Stochastic RSI (random relative strength index) historically confirmed market bottoms during the bear markets of 2014, 2018, and 2022—after a bullish cross occurred, then it fell back to 0. He believes this pattern will “show up again in 2026.”

TradingView data shows that Bitcoin’s two-month random RSI is currently 4.81. It previously dropped into the oversold range (below 30) in March this year, and the current level is the lowest in more than three years.

In addition, multiple analysts continue to watch for bullish signals released by the traditional RSI indicators. Trader BitcoinHyper noted that Bitcoin’s daily RSI has formed a bullish divergence with the S&P 500 index. Trader Osemka said that Bitcoin’s daily RSI at the beginning of June briefly fell to 15, an extremely rare oversold level in history, similar to how it behaved near the bottoms of prior bear-market cycles. However, he still did not rule out the possibility of a deeper pullback before completing the final bottoming.

BTC2.29%
SPX1.44%
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