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Analyst: Bitcoin's two-month Relative Strength Index (RSI) hitting zero may signal the bottom of this bear market

BlockBeats News, July 14th, trader Max Crypto stated that the Bitcoin two-month cycle random relative strength index (Stochastic RSI) has historically confirmed the market bottom during bear markets in 2014, 2018, and 2022, after experiencing a bullish crossover and falling to 0. He believes that this pattern will "reappear in 2026."

TradingView data shows that the Bitcoin two-month stochastic RSI is currently at 4.81, previously falling into the oversold zone (below 30) in March this year, with the current level being the lowest in over three years.

Furthermore, several analysts continue to pay attention to the bullish signals released by the traditional RSI indicator. Trader BitcoinHyper pointed out that the Bitcoin daily RSI has formed a bullish divergence with the S&P 500 Index; trader Osemka, on the other hand, stated that the Bitcoin daily RSI fell to 15 in early June, reaching a historically rare oversold level similar to the performance near the bottom of previous bear markets, but it is still possible to see a deeper retracement before completing the final bottom.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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