Weekly RSI Hits Record Oversold Levels — Bottom Forming?

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BTC/USD weekly RSI. Source: Cointelegraph/TradingView

Bitcoin’s weekly Relative Strength Index (RSI) has dropped to 25.6, marking the most oversold reading on record. The last time RSI approached similar levels was during the 2022 capitulation following the 3AC and Luna collapse.

Extreme RSI readings historically signal heavy short-term weakness — but they have also preceded major macro bottoms. Previous instances where RSI reached such oversold territory were followed by extended recovery phases.

While analysts caution that additional downside remains possible, deeply oversold conditions, combined with historically low sentiment indicators, suggest a potential bottoming process may be underway.

If history repeats, current conditions could mark late-stage capitulation rather than the start of a new prolonged downturn.

[johnblockbuster]

every time someone says macro bottom i age one year