Bitcoin prepped an "interesting" RSI divergence into the Q2 and June candle close as analysis compared $60,000 to the $30,000 mark in the 2022 bear market.
Bitcoin (BTC) nears the end of June and Q2 2026 threatening to lose $60,000 support — can RSI divergences save bulls?
A classic BTC price leading indicator continues to boost the odds of a recovery as June comes to an end, TradingView data shows.
BTC/USD one-week chart with daily, weekly RSI. Source: Cointelegraph/TradingView
As Cointelegraph reported, relative strength index (RSI) cues across multiple time frames are locking in bullish divergences with price.
“$BTC is printing a bullish RSI divergence while a potential double bottom forms,” Bitcoin whale Gerla, owner of the Gerla trading group, told X followers about the four-hour chart on Sunday.
BTC/USD four-hour chart with RSI data. Source: Gerla/X
The sense of anticipation is increasing across the trading community, with pseudonymous trader and commentator Heisenberg noting a key divergence between Bitcoin’s latest macro lows and previous dips in 2026.
“Small sample size but still noteworthy. Notice the last two oversold RSI divergences (in orange) formed bottoms,” they wrote alongside a chart on X.
BTC/USD one-day chart with RSI data. Source: Heisenberg/X
RSI divergences have accompanied some of the most significant trend changes in Bitcoin history, including the end of its previous bear market in late 2022.
Bitcoin saw modest upside as the week began after sealing a weekly close below $59,500 — its first since September 2024. $60,000 is now increasingly acting as resistance, with bulls unable to exert significant momentum.
Source
This article is syndicated for educational reading. For the latest updates, visit the original publisher.
Read on cointelegraph.com
