Bitcoin At Historic RSI Lows — Is The Final Flush Already Behind Us?

Bitcoin's weekly RSI has dropped to historically low levels typically seen near bear market bottoms, with analysts noting this zone often marks late-stage capitulation. The cryptocurrency has printed six consecutive weekly lower highs for the first time since the 2020 COVID crash, while trading near critical support levels including the 200-week moving averages.

• →Bitcoin's weekly RSI has compressed to levels historically associated with bear market bottoms and late-stage capitulation phases.
• →BTC has recorded six consecutive weekly lower highs, a rare pattern last seen during the 2020 COVID crash.
• →Price is currently testing the 200-week EMA and volume Point of Control, with the 200-week SMA providing additional support below.
• →Historical analysis suggests that when RSI reaches these extreme levels, Bitcoin is typically closer to a structural low than a fresh collapse.
• →The broader megaphone formation remains intact with potential long-term targets above $300,000 if the macro pattern plays out.