Bitcoin’s weekly RSI shows bullish divergence, market analysts reassess whether the bear market trend is over.

After Bitcoin rallied sharply by around 25% last week and briefly broke above $80,000, the market remains divided on the direction of its current trend. Technical indicators show Bitcoin’s weekly Relative Strength Index (RSI) has risen to 58.3, its highest level since the all-time high of $126,200 hit in October 2025, and it has formed a bullish divergence similar to that seen during the 2022 bear market bottom: prices had been making lower lows, while the weekly RSI formed higher lows. Jamie Coutts, chief crypto analyst at Real Vision, notes that weekly-level bullish divergences are highly valuable for judging long-term trends and cycle inflection points, with similar signals in the past often followed by further price gains. However, short-term indicators show signs of overheating: Bitcoin’s daily RSI has climbed to 82.93, its highest level since November 2024. Some traders are cautious about short-term pullback risks, but some analysts argue that it is not uncommon for RSI to stay above the overbought threshold of 70 for extended periods during historical bull markets. Additionally, Bitcoin’s two-month Stochastic RSI recently formed the expected golden cross, a potential bullish signal for a trend shift. However, this indicator only hit a low of 4.81 this time, failing to drop to near-zero levels as seen in signals before historical bear market bottoms, so the market still needs further observation to confirm whether this rally marks the official end of the macro bear market.