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Why bitcoin’s rare oversold RSI crash signals a long, slow grind ahead

2026/02/19 21:31
4 min read
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Why bitcoin’s rare oversold RSI crash signals a long, slow grind ahead

History suggests the current move could lead to consolidation around the $60,000 region in the months ahead before the next leg upward.

By James Van Straten|Edited by Jamie Crawley
Updated Feb 19, 2026, 2:40 p.m. Published Feb 19, 2026, 1:31 p.m.
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BTC RSI 14 (Checkonchain)

What to know:

  • Bitcoin’s 14-day Relative Strength Index (RSI) dropped below 30 for only the third time in its history this month, according to checkonchain.
  • The RSI is a momentum oscillator that measures the speed and magnitude of recent price movements by comparing average gains and losses over a set period of 14 days.
  • In both 2015 and 2018, similar RSI readings were followed by multi-month consolidation phases before a sustained breakout.

Bitcoin’s 14-day Relative Strength Index (RSI) dropped below 30 for only the third time in its history this month, according to checkonchain.

The RSI is a popular tool for detecting an asset's momentum by measuring the speed and magnitude of recent price movements and comparing average gains and losses over a set period of 14 days.

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The index produces a reading between 0 and 100, with levels above 100 generally considered overbought, while readings below 30 indicate oversold conditions, suggesting that selling may be overextended. Bitcoin's 14-day RSI has not hit 100 since December 2024 when bitcoin first surpassed $100,000.

Previous readings below 30 marked prior cycle bottoms. In January 2015, bitcoin’s RSI fell to roughly 28 as price hovered near $200. The market then spent about eight months consolidating before a sustained recovery began. A similar pattern emerged in December 2018, when RSI dipped below 30 around $3,500. That period was followed by roughly three months of sideways accumulation before bitcoin broke higher.

BTC is trading around $66,000, with sentiment stuck in "fear" or "extreme fear" on the Crypto Fear & Greed Index for much of the past 30 days. Since peaking in October, bitcoin has shedded more than 50%, briefly falling toward $60,000.

History suggests the current move could lead to consolidation around the $60,000 region in the months ahead before the next leg upward.

Bitcoin NewsRSIRelative Strength Index

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