Bitcoin’s price rebound to $80,000 has revived debate over the sustainability of the rally, with technical indicators offering mixed signals. The weekly relative strength index (RSI) has risen to 58.3, mirroring a bullish divergence pattern observed in mid-2022 that preceded the end of the last bear market.
Daily RSI values have reached their most overbought levels since November 2024, measuring 82.93. While short-term RSI readings are less reliable for gauging broader trends, weekly signals are drawing increased attention. Analysts note that previous weekly bullish divergences have often coincided with major cycle inflections in Bitcoin’s price history.
The two-month stochastic RSI has also generated a bullish crossover, though its reading of 4.81 remains well above the zero-level lows that marked prior bear-market troughs. This divergence between weekly and daily indicators has led to differing interpretations among market participants. Some warn of an imminent reversal given the overbought daily readings, while others point to historical precedent where Bitcoin uptrends have extended despite multiple RSI readings above 70.
Comparisons to late 2022 have gained traction, with daily RSI surging from 40 to 90 over a single weekly candle during that period. Analysts suggest such extreme moves may signal the onset of a new phase in the cycle rather than an immediate end to bearish conditions. The current weekly RSI level of 58.3 marks the highest reading since Bitcoin’s all-time high of $126,200 in October 2025, following a breakout from a series of lower highs.
