A chart released by independent analyst Markus Thielen shows a clear divergence between Bitcoin and its Relative Strength Index, according to ChainCatcher. The RSI recently fell to the 30% oversold zone before rebounding to around 50%, while BTC also recovered from a local low to about $64,645. The chart also highlights a purple descending trendline, indicating that Bitcoin has remained inside a broader downtrend channel since its June 2025 peak near $125,000. At current levels, price is still trading below that resistance line. Whether BTC can break above it is presented as a key signal for assessing the next move. The update focuses on the relationship between price action and momentum rather than introducing any new macro or on-chain catalyst.
Bitcoin is showing a notable divergence with the Relative Strength Index, or RSI, according to a chart published by independent analyst Markus Thielen and cited by ChainCatcher.
The chart shows the RSI recently dropped to the 30% oversold area and then rebounded to roughly 50%. Over the same period, BTC recovered from a nearby low to around $64,645.
Price remains below descending resistance
The purple descending trendline in the chart suggests Bitcoin has stayed in a broader downward channel since its June 2025 high of about $125,000. The current price is still capped by that resistance line, and whether BTC can break above it is described as a key point in judging the next phase of the move.
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