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BTC must reclaim weekly RSI of 41.5 for bullish reversal, says analyst

June 12, 2026, 8:34 AM
BTC must reclaim weekly RSI of 41.5 for bullish reversal, says analystBitcoin's (BTC) recent rebound from below $60,000 to $64,000 is too early to be considered a trend reversal, according to Material Indicators analyst Keith Alan. He stated that the first signal of a confirmed bottom would be for the weekly Relative Strength Index (RSI) to reclaim the 41.5 level. Alan noted that this line acted as support during the bull markets of 2015–17, 2020–21, and from January 2024 to November 2025, while serving as resistance during the bear markets of late 2018 and May–December 2022. Currently, BTC's weekly RSI remains in a downtrend below this level. While this does not necessarily mean a crash is imminent, he explained that the asset must surpass this threshold to move higher. Conversely, a break below the previous weekly RSI low of 31.89 would likely trigger further declines. The current RSI for BTC on the Binance USDT spot market is 34.42, CoinDesk reported.

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