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Bitcoin Shows Deep Oversold Readings but Weekly Signal Says Bottom Is Unconfirmed

Deep daily momentum lows raise the possibility of a cycle trough without the weekly RSI moving above the 41.5 line used to confirm a bull regime.

Overview

  • Bitcoin is trading in the low $60,000s after a brief dip below $60,000, leaving the market roughly half below its October 2025 peak.
  • The daily Relative Strength Index fell to the low 20s, one of the weakest four-year readings and a level some analysts link to past cycle lows.
  • Material Indicators reports the 14-week RSI remains below the 41.5 threshold that has historically separated bull and bear regimes, so a confirmed bottom has not been signaled.
  • Recent large derivatives liquidations and resumed net outflows from U.S. spot Bitcoin ETFs have reduced steady buying support and raise the risk of further weakness.
  • Analysts offering large upside scenarios view current readings as a potential generational bottom, but those forecasts depend on renewed demand and a weekly-RSI recovery to validate a durable trend change.