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Bitcoin’s price action is closely mirroring the end of its 2022 bear market, according to a new BTC price analysis shared by a crypto trader on X.
In a post on Monday, crypto trader Quantum Ascend said that similar moves are playing out on Bitcoin’s stochastic relative strength index (stochastic RSI) indicator.
Stochastic RSI (stoch RSI) is a derivative of the standard RSI and is used as a leading indicator to help identify overbought and oversold conditions, as well as potential shifts in price trends.
On the stoch RSI scale, oversold signals typically appear when the indicator drops below 30/100, while overbought conditions generally begin when it rises above 70/100. Because stoch RSI moves more quickly than standard RSI, the indicator can highlight turning points faster.
Quantum Ascend’s claim centers on the indicator reaching the “exact same point on the daily” as it did at the end of 2022, suggesting the current rebound is repeating prior conditions.
Beyond stochastic RSI, the article notes that standard RSI is already on traders’ radar for a potential BTC price bottom signal.
As Cointelegraph reported, attention is on weekly standard RSI to print a bullish divergence with price, again echoing early 2023. The analysis also references that weekly RSI set its lowest level on record during that earlier period, a level so far not matched in 2026, based on TradingView data.
Despite the indicator parallels, Bitcoin still faces bearish hurdles to recovery. Traders are concerned that a bear-flag breakdown could repeat on the daily chart.
Analyst Aksel Kibar wrote on X over the weekend that it would take a few days to determine whether the pattern is repeating or not.
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