And It’s Not There Yet
A crucial technical indicator on $BITCOIN 's weekly chart has historically distinguished bullish market phases from bearish ones. At the moment, that signal remains below the threshold needed to confirm a lasting bottom.
Bitcoin investors are searching for signs that the market has finally found its floor, but one of the most reliable indicators suggests caution is still warranted.
Among the various technical metrics used by traders, the weekly Relative Strength Index (RSI) has consistently played an important role in identifying shifts between bull and bear market conditions. Across several market cycles, a specific RSI level has acted as a dividing line, helping determine whether $BITCOIN was entering a sustained uptrend or remaining trapped in a broader downturn.
Historically, when the weekly RSI moves above this key threshold and holds its position, Bitcoin has often transitioned into stronger bullish momentum. Conversely, failure to reclaim the level has typically coincided with continued market weakness and further price uncertainty.$BTC
