Bitcoin RSI Divergence Emerges as 60K Hangs in the Balance

Bitcoin’s relative strength index is forming bullish divergences across multiple time frames as June closes, increasing the odds of a recovery. Traders have highlighted RSI signals on four-hour and daily charts alongside a potential double bottom, noting that earlier 2026 drops lacked such cues.

Price action has shifted around the $60,000 area after a weekly close below $59,500, and bulls will need more momentum and a clear break above $61,000 to change the picture. June losses are near 19%, the steepest monthly decline since the 2022 bear market, prompting comparisons to mid-2022’s prolonged tests of $30,000 support.

Macro catalysts to watch include the ISM manufacturing PMI, June nonfarm payrolls and diplomatic developments between the US and Iran, any of which could sway risk appetite. Seasonality and historical analysis also suggest July has often countered June’s moves, leaving open the possibility of a rebound even as correlations with equities vary.

United States

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