Bitcoin is demonstrating improved momentum as its monthly relative strength index (RSI) recovers from weak levels seen during 2026's decline. According to data updated on September 24, Bitcoin's monthly RSI stands at approximately 54, with its five-month average around 47.
Earlier in 2026, the RSI had fallen into the mid-40s, coinciding with Bitcoin's price drop from $97,860.60 to $57,700 in July—a 40.99% decline. Since that July low, Bitcoin has recovered to $87,265, representing a 51% gain.
The recovery pushed Bitcoin's monthly RSI above the 50 threshold, a level often associated with improving momentum. However, the RSI remains well below 70, a level typically seen during Bitcoin's strongest rallies. Historical data shows that major market peaks have occurred with RSI readings above 85, while major corrections have pushed the indicator below 50.
As of the latest update, Bitcoin was trading around $84,580, up approximately 1.5% over the past 24 hours and 8% over the past week, according to CoinMarketCap data.
Additional Technical Signals
Beyond the monthly RSI, Bitcoin's Supertrend indicator has turned green near $84,000, signaling a shift back to an uptrend. The previous green Supertrend signal appeared in 2023 near $16,000 and remained active for roughly three years as Bitcoin climbed approximately 700% to reach $120,000.
Bitcoin has also moved back above its 365-day moving average near $83,000 and its 50-week moving average. The next major technical level is around $88,761, the two-year moving average. The Supertrend indicator uses price and volatility to identify market direction, with green indicating an upward trend.
At its 2025 peak of $126,200, Bitcoin's RSI reached the mid-70s before declining, differing from previous bull markets where RSI readings exceeded 80. The RSI has since experienced the typical bear-market bottom levels below 50, consistent with previous market corrections.
