Bullish Bitcoin RSI divergence has analysts calling for 2022-style bear market bottom
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- Bitcoin traded back above $60,000 with four-hour RSI showing a bullish divergence — higher lows on RSI while price made lower lows — fueling recovery hopes into the weekend.
- Rod, a pseudonymous trader, compared the current setup to 2022, when a weekly RSI bullish divergence coincided with BTC/USD bottoming at $15,600, writing "It's 2022 again."
- The four-hour RSI dropped to 11.4 at the start of June, marking one of its lowest readings on record, per TradingView data.
- Lukasz Wydra confirmed the daily bullish RSI divergence, noting Binance was actively defending the price and calling the signals an "encouraging sign."
- Niels Klaver, cofounder of crypto platform STABL Agency, held his downside call for BTC to hit $55,000 "before any big move" can change the status quo.
- Rekt Capital forecast a July relief bounce followed by "August cancellation of relief and additional downside" once the 50-month EMA confirms as new resistance and $60,000 weakens as support.
Why it matters: With BTC pinned near $60,000, the divergence debate splits positioning between a durable 2022-style floor and a deeper drop. Klaver's $55,000 target and Rekt Capital's call for August downside after $60,000 gives way mean the next $5,000 move carries outsized weight for whether traders treat current levels as a buying opportunity or a bull trap.
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