Bitcoin's weekly RSI remains below 41.5, indicating the cryptocurrency has not yet found its bottom, according to analysts.
Current market trends suggest that Bitcoin has not yet hit its lowest point, as a crucial indicator continues to signal bearish conditions.
Bitcoin's weekly relative strength index (RSI) remains under a pivotal threshold that often indicates market direction.
As of June 12, 2026, Bitcoin's weekly RSI is stuck below 41.5, a level recognized for separating bullish from bearish trends, according to analysis from Material Indicators.
Traders are closely monitoring Bitcoin's recent price fluctuations, which have seen it bounce between $60,000 and $64,000. Despite this movement, the prevailing sentiment is that the market has not confirmed a bottom.
The RSI, a momentum indicator that ranges from 0 to 100, typically identifies market conditions—above 70 suggests overbought conditions while below 30 indicates oversold conditions. The critical threshold for Bitcoin is established at 41.5, where historically, movements above this level suggest bullish trends, and movements below indicate bearish pressures.
Keith Alan, an analyst at Material Indicators, remarked, "Currently, Bitcoin is below this level and continues to trend downward. This doesn't imply that prices must plummet, but it does mean that bulls need to prove their case."
Similar to early signs of economic recovery—such as rising job openings—traders are cautious about declaring a new bullish phase without concrete evidence. A price rise might represent the start of a bull market or merely a temporary uptick within a broader downtrend.
The technical analysis reinforces this perspective. Bitcoin's RSI has historically remained above 41.5 during bullish phases, as seen from January 2024 to November 2025, and in previous bull runs from 2020-21 and 2015-17. Conversely, major bear markets have consistently seen the RSI drop below this threshold.
A rise in the weekly RSI above 41.5 would be the first significant sign of a trend reversal toward bullishness. However, Alan notes that the next critical level to watch is 31.89. If the RSI dips below this mark, it could indicate further price declines.
Currently, the weekly RSI stands at 34.00, with Bitcoin trading around $63,000, reflecting minimal change over the past day.
