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.