Some analysts focusing on technical indicators in the Bitcoin market argue that the two-month stochastic RSI indicator approaching zero again may indicate the formation of a bottom in the 2026 bear market. Expressing this opinion, Max Crypto claims that the same structure has been seen in past cycles and that the Bitcoin price formed a base in periods when the indicator dropped to zero.
Bottom scenario in technical indicator
In his post over the weekend, Max Crypto states that the end of the 2026 bear market may be possible when the two-month stochastic RSI indicator produces a new swing bottom. Stochastic RSI is known as a momentum indicator that is derived from classical RSI data and works more sensitively to recent price movements.
Mini dictionary: Stochastic RSI is a momentum indicator that measures classic RSI data within its recent range. It usually moves between 0 and 100, with lower levels indicating oversold and higher levels indicating overbought territory.
Max Crypto argues that Bitcoin bottoms during periods when the two-month Stoch RSI indicator drops to zero after each bullish crossover.
According to TradingView data, the two-month stochastic RSI is currently at 4.81. The indicator fell below the 30 level in March and entered the oversold zone. Current levels were last seen just over three years ago.
This indicator was one of the headlines that market participants watched closely throughout the year. Similarities with the 2022 bear market have previously been established in daily movements. In April, Quantum Ascend said Bitcoin price structure matches past cycles almost perfectly.
Signs of recovery on the RSI side
Analysts focus not only on stochastic RSI data but also on the traditional RSI indicator. While Bitcoin remains horizontal above $60,000, some traders are looking for new bullish signals. On Sunday, BitcoinHyper shared that it sees a bullish divergence between Bitcoin and the S&P 500.
At the beginning of June, the daily RSI value dropped to 15. Osemka described this level as one of only six very strong selling events ever seen. According to the analyst, a similar situation occurred at the end of the 2015 accumulation range, and although the RSI became extremely weak, the price did not produce a permanent break below the previous lows.
Osemka emphasizes that rare instances when the daily RSI falls to the 15 level have historically corresponded to very strong selling periods, but this does not always mean a new bottom.
However, Osemka does not exclude the possibility of a deeper pullback on the RSI side. He thinks that in such a scenario, the price reversal could occur in line with the structure in previous bear markets.
The return above 64 thousand dollars attracted attention
Bitcoin’s return above $64,000 this month follows bullish divergences across multiple time frames. This structure was considered an early signal indicating that the selling pressure had lost its strength, although the momentum had weakened.
The prominent technical view in the market is that if the two-month stochastic RSI approaches zero again, expectations for the bear market bottom may strengthen. On the other hand, in the short term, the traditional RSI and the price’s course above $60,000 are expected to be closely monitored.
