Bitcoin Fights for $60,000 as RSI Divergence Revives 2022-Style Bottom Calls
Updated
Updated · TradingView · Jun 26
Bitcoin Fights for $60,000 as RSI Divergence Revives 2022-Style Bottom Calls
2 articles · Updated · TradingView · Jun 26
Summary
$60,000 became Bitcoin’s key battleground into the weekend, with analysts pointing to a confirmed bullish RSI divergence as evidence a durable low may be forming.
Four-hour RSI had dropped to 11.4 at the start of June—one of its weakest readings on record—while price made lower lows and RSI made higher lows, a pattern traders likened to the 2022 bottom near $15,600.
Binance buying support and a series of higher hourly swing lows added to the recovery case, with analysts calling the setup encouraging even if the divergence still deepens.
Some traders still expect another leg down, targeting $55,000 before a larger move, while others see a July relief bounce followed by renewed weakness in August if $60,000 fails as support.