Bitcoins investor sentiment is in ruins, but buried within the wreckage, a technical signal which he just appeared in the most consequential milestones in Bitcoin history, it just caught fire again. This technical argument, based on the Bitcoin Relative Strength Index, is because the indicator fell to its lowest daily reading in four years, a level last seen near the 2022 bottom before BTC began its climb from $15,500 to $70,000.
Bitcoin’s RSI is once again in a rare bottom zone
The Relative Strength Index is one of the most commonly used momentum indicators, measuring the speed and magnitude of price movement on a scale of 0 to 100. Readings below 30 indicate oversold conditions. At the lowest point during a recent sale over the weekend, the daily RSI fell as low as 21.8, and the reading is still around the mid-20s at the time of writing.
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That puts this reading among the lowest recorded on the daily time frame, and is why a crypto analyst who goes by the name Crypto Tice on the social media platform believes that the price of Bitcoin maybe he’s watching something much bigger than a normal oversold bounce.
As shown in the chart below, the red and orange zones coincide with some of the most painful periods for Bitcoin, including the 2011 bottom, the 2015 bear market low, the 2018-2019 correction, the 2022 collapse, and now the slow correction of 2026. In each case, the bottom occurred when the price of Bitcoin had already suffered a major decline, which is the same setup that is happening right now. now.
Bitcoin price chart. Source: @CryptoTice_ On X
Why a 200% goal is possible for Bitcoin
Bitcoin has fallen below $60,000 for the first time since 2024 and is currently down about 50% from its October 2025 peak above $126,000. The leading cryptocurrency now trades between $61,000 and $63,000.
Interestingly, the main comparison to where bitcoin is headed now is the bottom of 2022. Then Bitcoin’s RSI reached deeply oversold levels when the price dropped to around $15,500, but the trough eventually became the basis for a rally to $70,000 in 2024. That move represented a gain of more than 350% from the bottom of the cycle, eventually rolling to its all-time high in October in 2025
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If Bitcoin should form a similar bottom around the current $60,000 zone, a 200% rise would place the price at a $180,000 target. A move corresponding to a full recovery from 2022 to 2024 would mean even higher levels above $200,000. The current market also has a different backdrop than 2022. Bitcoin now has spot ETFs, deeper institutional involvement, and large corporate owners influencing sentiment.
Speaking of ETFs, Spot Bitcoin ETFs continued their streak of outflows, which complicates any bottom prediction right now. The technical signal from the RSI is strong, but Bitcoin price needs demand to turn the signal into a sustainable rise.
Featured image created using Dall.E, chart from Tradingview.com
