Bitcoin (BTC) nears the end of June and Q2 2026 threatening to lose $60,000 support — can RSI divergences save bulls?
Key points:
Bitcoin RSI data is printing key bullish divergences that were absent from previous dips in 2026.Traders remain concerned about a support collapse as analysis makes a key 2022 bear-market comparison.Macro data hinges on the labor market and Iran peace deal, with a potential crypto tailwind due.Where June fails, July historically comes through for Bitcoin bulls.Onchain data sees Bitcoin’s “first bottoming flag” already present.
Bitcoin RSI divergence stands out in 2026 bear market
A classic BTC price leading indicator continues to boost the odds of a recovery as June comes to an end, TradingView data shows.
BTC/USD one-week chart with daily, weekly RSI. Source: Cointelegraph/TradingView
As Cointelegraph reported, relative strength index (RSI) cues across multiple time frames are locking in bullish divergences with price.
“$BTC is printing a bullish RSI divergence while a potential double bottom forms,” Bitcoin whale Gerla, owner of the Gerla trading group, told X followers about the four-hour chart on Sunday.
“This is getting interesting.”
BTC/USD four-hour chart with RSI data. Source: Gerla/X
The sense of anticipation is increasing across the trading community, with pseudonymous trader and commentator Heisenberg noting a key divergence between Bitcoin’s latest macro lows and previous dips in 2026.
“Small sample size but still noteworthy. Notice the last two oversold RSI divergences (in orange) formed bottoms,” they wrote alongside a chart on X.
“The last two recent drops (in blue) had no RSI divergences… UNTIL NOW… Is this the one?”
BTC/USD one-day chart with RSI data. Source: Heisenberg/X
RSI divergences have accompanied some of the most significant trend changes in Bitcoin history, including the end of its previous bear market in late 2022.
$60,000 sparks mid-2022 comparison
Bitcoin saw modest upside as the week began after sealing a weekly close below $59,500 — its first since September 2024. $60,000 is now increasingly acting as resistance, with bulls…
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