Bitcoin rebound lacks bottom signal as weekly RSI stays below 41.5, Material Indicators says
2026-06-12 08:02:54
Bitcoin’s bounce to $64,000 from recent lows under $60,000 has yet to meet a key “bottom” signal, with its weekly relative strength index (RSI) still below 41.5, according to CoinDesk, citing crypto analytics platform Material Indicators. Analyst Keith Alan said BTC remains below the level and “still trending down,” keeping the burden of proof on bulls. Material Indicators says a move back above 41.5 has historically marked bullish macro regimes, while a drop below 31.89—the prior weekly reading—could point to further losses.
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