As of the week ending June 21, 2026, Bitcoin has posted its third consecutive weekly candle close above $63,000. The pattern, combined with a bullish RSI divergence, aligns with signals that may mark a market bottom. Traders are watching closely after months of choppy price action.
What the RSI divergence signals
The relative strength index (RSI) divergence shows price making lower lows while the RSI prints higher lows — a classic sign that selling pressure is exhausted. This week's data confirms that divergence is intact alongside the $63,000 support. It's not a guarantee, but it's a setup that has often preceded trend reversals.
Why $63,000 is the key level
That price point previously acted as resistance. Now it's held as support for three weekly closes. If Bitcoin can keep this up, it strengthens the case that the bottom is in. A close below $63,000 would break the pattern and delay any recovery thesis.
What traders are watching next
The next weekly close, due June 28, will be critical. If Bitcoin holds above $63,000 again and the RSI divergence continues to develop, more buyers may step in. For now, the data offers cautious optimism — but the market has a habit of defying expectations.
