Bitcoin rebounded about 25% last week and briefly rose above $80,000, yet the market is still divided over the direction of the current trend, according to a report published by BlockBeats on Aug. 25.
Technical data has become a key focus. Bitcoin’s weekly Relative Strength Index, or RSI, has climbed to 58.3, its highest level since the cryptocurrency set an all-time high of $126,200 in October 2025. The indicator is also showing a bullish divergence that resembles the setup seen near the 2022 bear-market bottom: price had continued to make lower lows, while the weekly RSI formed higher lows.
Weekly chart signal puts the long-term trend back under review
Jamie Coutts, chief crypto analyst at Real Vision, said bullish divergences on the weekly timeframe carry substantial value when assessing long-term trends and cycle turning points. He said similar signals in the past were followed by further price gains.
That has prompted some market participants to reassess whether the broader bear trend may be nearing an end. Even so, the latest rebound has not produced a consensus view.
Short-term indicators are already running hot
At the daily level, momentum looks more stretched. Bitcoin’s daily RSI has risen to 82.93, the highest reading since November 2024. That has led some traders to stay alert to the risk of a short-term pullback.
Others argue that this alone does not invalidate the advance. In past bull-market phases, RSI remaining above the 70 overbought threshold for an extended period was not unusual.
Two-month Stochastic RSI posts a bullish crossover, but doubts remain
Beyond the weekly RSI pattern, Bitcoin’s two-month Stochastic RSI has recently produced the anticipated bullish crossover that is often viewed as a potential signal of a trend reversal.
Still, the latest low in that indicator only fell to 4.81. It did not drop to near-zero levels in the way some historical signals did before prior bear-market bottoms. For that reason, the market is still watching to see whether this rebound truly marks the formal end of the broader macro bear market.