Bitcoin RSI in Critical Zones: A Look at the June 2022 Precedent

FreeRider · 2026-02-14T04:16:34+00:00

The Bitcoin weekly RSI is at historically low levels, similar to June 2022's market collapse. Currently priced around $68,940, Bitcoin has seen a significant 28.16% drop over the past month, but recent volatility has decreased, raising questions about the current market cycle.

FreeRider

2026-02-14 04:16:34

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Technical analysts are closely watching an important phenomenon on Bitcoin’s weekly chart. According to data shared by the well-known KOL Satoshi Flipper, the Relative Strength Index (RSI) has reached levels of technical depression not seen in years, specifically since the dramatic drop of June 2022.

The Technical Indicator Reveals Extreme Bearish Pressure

Bitcoin’s weekly RSI is currently in oversold territory, a technical condition that suggests extreme selling pressure in the market. This critical level of the indicator takes us back to a specific moment in Bitcoin’s recent history: June 2022, when cryptocurrency markets faced one of their worst performance streaks. The similarity between these two periods provides valuable insight for traders and analysts monitoring the asset’s technical health.

The Historical Reading: What Happened in June 2022

During that turbulent June four years ago, Bitcoin experienced a catastrophic collapse. The price plummeted from $31,700 to $18,700, representing a devastating 41% drop. This was recorded as the worst monthly performance in Bitcoin’s history up to that point. The decline reflected a combination of adverse market factors: liquidation pressure, massive capital withdrawals, and a general risk-averse sentiment across the crypto industry.

Current Market Status and Technical Perspective

Currently, the technical outlook presents an interesting contrast. With Bitcoin trading around $68,940, the asset has experienced a significant correction over the past thirty days, with a 28.16% decline. However, in the short term (last 7 days), volatility has been contained, with a retracement of 2.76%, and in the last 24 hours, a rebound of 3.60% has been observed.

The reactivation of the RSI to oversold levels like those seen in June 2022 raises important questions about the current market cycle. While back then it was followed by extremely difficult conditions, this new technical reading occurs in a completely different market context, with greater institutional adoption and a more developed liquidity structure than four years ago.

Investors and analysts will continue monitoring this technical indicator as a key tool to assess potential inflection points in the Bitcoin market.

BTC1,65%

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