Bitcoin: Record Low Monthly RSI Signals Bottom

Bitcoin monthly RSI has printed its lowest reading in history, deeper than any prior bear market according to @CryptoMichNL.

Weekly RSI dropped below 30 in February for the first time since summer 2022 while weekly MACD recorded its largest negative expansion on record and on-chain metrics align with classic accumulation zones.

Price currently trades at $61993.75 inside the Bollinger Bands with upper resistance at $62685.16. The 4-hour structure remains bullish as price holds above the EMA50 at $60714.99 while the EMA200 at $64837.1 caps upside; MACD shows a golden cross at 487.33 and RSI sits neutral at 63.08, suggesting a measured push toward the upper band before any deeper test of the 50-EMA support.