There's one simple way to tell whether bitcoin has really bottomed. Right now, it hasn't.

Bitcoin is trading at $62,895.02, having bounced overnight to $64,000 from recent lows under $60,000. Crypto traders wonder whether the bottom has been hit and a fresh bull run has started. The relative strength index, or RSI, a widely followed momentum gauge, provides a simple signal to confirm this.

For bitcoin, the RSI line is at 41.5, according to crypto data analytics platform Material Indicators. Above that level, BTC has historically had a stronger argument for being in a bullish macro trend. Below it, bearish pressure tends to dominate. Right now, Bitcoin is below it, and still trending down, said Keith Alan, an analyst at Material Indicators.

The 14-week RSI's 41.5 level has consistently separated bitcoin's bull and bear phases over multiple cycles. The indicator held above 41.5 throughout the bull run from January 2024 to November 2025, and the same pattern played out during the 2020-21 and 2015-17 bull markets. Conversely, the most intense phases of bear markets have consistently seen the indicator trade below that level, as occurred in late 2018, May-December 2022 and again in recent months.

A recovery of the weekly RSI back above 41.5 would be the first meaningful signal that BTC's broader trend is turning bullish and that the bottom is in. According to Alan, the next key RSI level to watch is 31.89, the previous weekly reading. If the indicator falls below that level, it would mean further price losses ahead.

At the time of writing, the weekly RSI was at 34.00 and bitcoin traded little changed over 24 hours near $63,000. The stablecoin market cap also extended its run to $320B, while tokenized assets hit a record $28.9B in May, their tenth consecutive monthly all-time high.

The implications of bitcoin's current trend are significant. A bull run would likely lead to increased investment and adoption, while a continued bear market could lead to decreased interest and investment. The RSI indicator provides a key signal for traders and investors to make informed decisions.

In addition to the RSI, other indicators are also being watched closely. The moving average convergence divergence, or MACD, is another widely followed indicator that can provide insight into bitcoin's trend. The MACD is currently below the signal line, indicating a bearish trend.

The current trend of bitcoin is also being influenced by external factors, such as government regulations and adoption by institutional investors. The increasing adoption of bitcoin by institutional investors is seen as a positive sign for the cryptocurrency, while government regulations could potentially have a negative impact.

The RSI indicator is not the only factor to consider when evaluating bitcoin's trend. Other factors, such as market sentiment and technical analysis, also play a crucial role. However, the RSI provides a key signal that can help traders and investors make informed decisions.

In conclusion, bitcoin's current trend is uncertain, and the RSI indicator provides a key signal to confirm whether the bottom has been hit and a fresh bull run has started. While the rebound sparks optimism, the RSI says otherwise, and traders and investors should exercise caution and consider multiple factors before making any decisions.

Overall, the cryptocurrency market is complex and influenced by a variety of factors. The RSI indicator is just one tool that can be used to evaluate bitcoin's trend. As the market continues to evolve, it is essential to stay informed and adapt to changing circumstances.

The future of bitcoin is uncertain, but one thing is clear: the RSI indicator will continue to play a crucial role in evaluating the cryptocurrency's trend. As traders and investors, it is essential to stay informed and up-to-date on the latest developments in the market.

In the world of cryptocurrency, things can change quickly. The RSI indicator is just one tool that can help traders and investors navigate the complex and ever-changing landscape of the cryptocurrency market.

The RSI indicator is widely followed, but it is not the only indicator that can provide insight into bitcoin's trend. Other indicators, such as the MACD and Bollinger Bands, can also be used to evaluate the cryptocurrency's trend.

The use of technical analysis, including the RSI indicator, can help traders and investors make informed decisions. However, it is essential to remember that no indicator is foolproof, and multiple factors should be considered before making any decisions.

The cryptocurrency market is highly volatile, and prices can fluctuate rapidly. The RSI indicator can help traders and investors identify potential trends, but it is essential to stay informed and adapt to changing circumstances.

The RSI indicator is a valuable tool for traders and investors, but it should not be used in isolation. Other factors, such as market sentiment and fundamental analysis, should also be considered when evaluating bitcoin's trend.

The future of bitcoin is uncertain, but with the right tools and information, traders and investors can make informed decisions. The RSI indicator is just one tool that can be used to evaluate the cryptocurrency's trend, and it is essential to stay informed and up-to-date on the latest developments in the market.

The RSI indicator provides a key signal to confirm whether the bottom has been hit and a fresh bull run has started. While the rebound sparks optimism, the RSI says otherwise, and traders and investors should exercise caution and consider multiple factors before making any decisions.

Bitcoin's current trend is uncertain, and the RSI indicator provides a key signal to confirm whether the bottom has been hit and a fresh bull run has started. The implications of bitcoin's current trend are significant, and traders and investors should stay informed and adapt to changing circumstances.

The RSI indicator is a widely followed momentum gauge that can provide insight into bitcoin's trend. The indicator has consistently separated bitcoin's bull and bear phases over multiple cycles, and it is a valuable tool for traders and investors.

The use of technical analysis, including the RSI indicator, can help traders and investors make informed decisions. However, it is essential to remember that no indicator is foolproof, and multiple factors should be considered before making any decisions.

The cryptocurrency market is complex and influenced by a variety of factors. The RSI indicator is just one tool that can be used to evaluate bitcoin's trend. As the market continues to evolve, it is essential to stay informed and adapt to changing circumstances.

In conclusion, the RSI indicator provides a key signal to confirm whether the bottom has been hit and a fresh bull run has started. While the rebound sparks optimism, the RSI says otherwise, and traders and investors should exercise caution and consider multiple factors before making any decisions. The implications of bitcoin's current trend are significant, and the RSI indicator is a valuable tool for traders and investors.