Bitcoin experienced a serious technical disruption this week, with the relative strength index (RSI) collapsing to 23.3: its lowest level since August 2023.
This rare break of the 200-day simple moving average (SMA) pushed the asset into a deep oversold zone, prompting analysts to signal a potential structural bottom despite immediate downside pressure.
Bitcoin 1 Week RSI has been below 30 only 4 times in its history.
It’s not always the absolute low, but historically there has never been a better buy signal than this.
Do whatever you want with this information. pic.twitter.com/OxV9LguAHw
– denome (@denomeme) February 13, 2026
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Understanding the “Deep Value” Signal – Bitcoin RSI Falls to 23
In technical analysis, a Bitcoin RSI value below 30 generally signals oversold conditions, suggesting that momentum on the sell side is exhausted. The decline to 23.37 reflects historic capitulation events seen in late 2018 and August 2023, both of which preceded prolonged accumulation phases.
At the time of writing,
BTC
$68,900
24h volatility:
5.0%
Market capitalization:
$1.37T
Flight. 24h:
$48.09 billion
is trading near the $67,000 mark, significantly below its recent consolidation range.
The breakout of the 200-day SMA, a critical trend separator, has historically acted as a watershed moment. Although often interpreted as a bearish confirmation, some analysts argue that when this breakout coincides with such an extreme compression in the RSI, it creates a “deep value” liquidity opportunity for long-term holders rather than an additional panic signal.
Traders are closely watching this setup as a high-conviction opportunity. Although near-term sentiment remains fearful, some analysts view the alignment of the 200-day SMA breakout and extreme RSI suppression as a rare buy signal.
Based on historical data analyzed by Binance, previous instances of such extreme oversold values have often generated positive returns for patient investors, although it remains difficult to determine the exact timing of the reversal.
Institutional flows present a mixed picture. Bitcoin ETFs saw $410 million in outflows on February 12, as Goldman Sachs recently revealed it holds $1.1 billion in Bitcoin ETFs.
Bitcoin Spot ETFSource: Coinglass
Although the bottom of the crypto market may not be exactly reached, the risk-reward ratio has moved aggressively in favor of the bulls.
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Bitcoin Price Analysis – Possible Retest of the $60,000 Level
For now, traders view the $60,000 area as immediate support. Failure to quickly recover the 200-day SMA could reveal lower levels, potentially testing psychological support at $53,000.
Alternatively, a recovery of $70,000 could validate the fundamental thesis.
However, caution is required. An RSI falling below historical averages can sometimes signal the start of a prolonged downtrend rather than an instant V-shaped recovery.
Traders should wait for confirmation signals, such as volume spikes or a lower structure, before declaring the correction complete.
Bitcoin Price Analysis Source: TradingView
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Bitcoin Hyper: positioned as key support for Bitcoin testing
Historically, extreme compression in the RSI has marked a late capitulation rather than the start of a prolonged collapse. If Bitcoin stabilizes near $60,000 and begins to form a higher low, it could confirm an accumulation phase.
Despite these periods of extreme market fear and traders’ attempts to identify the bottom of Bitcoin, other projects are moving forward, introducing innovation and potential opportunities.
As Bitcoin consolidates below major trend resistance, Bitcoin Hyper ($HYPER) positions itself as infrastructure for expanded BTC utility, offering faster execution and lower fees while remaining anchored to the Bitcoin network.
The project has raised over $31.4 million during its pre-sale phase, with the token price currently at $0.0136755 before the next increase.
If Bitcoin confirms a bottom and rebounds, infrastructure projects directly linked to network growth could benefit disproportionately.
Bitcoin Hyper token is compatible with Best Wallet, widely considered the best crypto and Bitcoin wallet. HYPER is already featured in the “Upcoming Tokens” section of Best Wallet, making it easy to purchase securities and claim once the token is launched.
For now, traders are waiting for confirmatory signals, but some investors are positioning early, anticipating that extreme oversold conditions could signal opportunity rather than a prolonged decline.
Be part of the Bitcoin Hyper community on Telegram and X.
Visit Bitcoin Hyper here
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Neil is a professional cryptocurrency content writer with years of experience. He has written for various cryptocurrency websites to report on the latest news and has been hired by all kinds of cryptocurrency projects, to create content that would increase their visibility and attract more potential investors.
Neil Mathew on LinkedIn
