Bitcoin’s price action is flashing warning signs as a key momentum oscillator returns to levels last seen during the deepest parts of the 2022 bear market. The weekly Relative Strength Index (RSI) for BTC has retraced to a territory that mirrors the post-Terra Luna collapse period, suggesting that despite recent local highs, the underlying strength of the trend remains fragile. Analysts are currently observing what many describe as ‘liquidity games,’ where the market experiences sharp, calculated movements designed to trigger liquidations on both sides of the order book. This volatility is increasingly concentrated around major support zones, where long-term holders are being tested by aggressive sell-offs. As the weekly RSI echoes the mid-2022 sentiment, market participants are watching closely to see if Bitcoin can find a firm floor or if the current liquidity hunt precedes a deeper correction similar to the capitulation events seen in the previous cycle.
Source: Bitcoin weekly RSI echoes mid-2022 bear market as BTC plays liquidity games
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