Bitcoin is trading at weekly RSI levels historically near bear market lows, signaling that selling pressure may be easing. Although confirmation is necessary, the market is in a zone that often marks late capitulation. The key question: Was the recent fall the final chase, or is a final shock still to come?
RSI Compression Signals Downside Exhaustion
According to crypto analyst Batman, Bitcoin’s weekly RSI has fallen back into the same territory that historically marked previous bear market lows. This area of momentum has appeared repeatedly during late stages of capitulation, making it a critical signal that the market may be near another major turning point.
However, Batman is clear that this does not confirm that the bottom is already there, emphasizing the importance of waiting for proper confirmation before declaring a reversal. Nonetheless, he notes that when the RSI compresses to these levels on a weekly time frame, Bitcoin is generally much closer to a structural low than the start of a new collapse.
Reflecting on the 2022 bear cycle, Batman points out that once the RSI entered this extreme zone, the price managed to print a final low. However, this move occurred very close to the ultimate bottom, indicating that most of the decline had already occurred by the time momentum reached such depressed numbers.
The analyst concludes that probabilities matter more than accuracy. From his perspective, when Bitcoin trades at these weekly RSI levels, it historically represents an area where strategic accumulation becomes increasingly attractive.
Bitcoin’s six consecutive weekly highs – a rare signal
In a recent weekly Bitcoin analysis, SuperBro highlighted that BTC has now printed six consecutive weekly highs, a rare structural pattern. The last time this happened was during the COVID crash of 2020, a period marked by extreme volatility and possible macroeconomic reversal.
Price is currently sliding below the 200-week EMA and volume control point (POC), although the weekly candle has not yet closed. A recovery in POC before the close could trigger a strong upward reaction and signal that the breakout attempt is losing strength.
Just below current levels is the ascending 200-week SMA, adding another layer of longer-term support. The RSI remains at extreme levels, suggesting that momentum is already deeply strained. When you combine oversold conditions with six consecutive lower highs pressing toward major support, the case for continued decline becomes less compelling.
Beyond the short-term structure, the broader megaphone formation remains intact. If this macroeconomic model ultimately pans out, its upper trajectory projects potential targets above $300,000, keeping the long-term expansion thesis firmly on the table despite the current squeeze.
