Bitcoin in Oversold: When June 2022 Warned of Severe Drops

WalletsWatcher · 2026-02-14T05:02:16+00:00

Analyst Satoshi Flipper highlights that Bitcoin's Relative Strength Index shows oversold signals not seen since June 2022, which could indicate short-term pressures amid a context of significantly higher prices.

WalletsWatcher

2026-02-14 05:02:16

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Crypto analyst Satoshi Flipper has pointed out on X that Bitcoin’s weekly Relative Strength Index (RSI) shows clear signs of being oversold, a level not seen since June 2022. This historic coincidence is especially significant, as during that period Bitcoin experienced its worst monthly performance on record.

In June 2022, the cryptocurrency plummeted from $31,700 to $18,700, representing a 41% loss in value. This episode marked one of the most critical moments in the crypto market in recent years. Now, with the RSI at similar oversold levels, memories of that severe correction are reignited.

It’s important to note that while Bitcoin was trading around those levels four years ago, today the price stands at $68.80K, showing a significant long-term recovery. However, the weekly RSI technical indicator in oversold territory suggests that the market could be facing short-term pressures similar to those experienced in June, albeit in a much higher price context.

This technical parallel between the present and June 2022 has attracted attention among traders, who are monitoring whether history might repeat itself with extreme volatility patterns similar to those seen years ago.

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