Weekly Bitcoin RSI Shows Oversold Conditions Similar to June 2022

ConfusedWhale · 2026-02-14T23:09:04+00:00

The weekly Bitcoin RSI shows oversold levels similar to June 2022, which led to a sharp decline. Currently at $69,940, this could indicate opportunities for long-term investors despite possible corrections.

ConfusedWhale

2026-02-14 23:09:04

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According to the analysis of the cryptocurrency KOL Satoshi Flipper shared on X, Bitcoin’s weekly Relative Strength Index (RSI) is currently showing oversold levels. This pattern is similar to what was recorded in June 2022, when Bitcoin experienced its worst monthly performance in recorded history, with a 41% decline that brought the price from $31,700 to $18,700.

What’s interesting about this similar scenario is that Bitcoin is now trading around $69,940, indicating a significant recovery from those lows four years ago. These cyclical patterns in the RSI are relevant for technical analysts, as they suggest that similar oversold levels could precede both deep corrections and subsequent rebounds.

The weekly RSI is a key tool in technical analysis for measuring the speed and magnitude of price changes. When these similar indicators appear, many traders use them to identify potential turning points in the market. Bitcoin’s history shows that oversold conditions comparable to the current ones do not always result in catastrophic declines, but can also present accumulation opportunities for long-term investors.

The fact that the weekly RSI shows conditions similar to 2022 keeps traders and analysts alert to the upcoming movements in the Bitcoin market.

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