A crypto trader says Bitcoin’s stochastic RSI is mirroring the end of its 2022 bear market with striking precision, raising hopes that a similar recovery could follow.
Stochastic RSI echoes 2023 rebound
In an X post on Monday, trader Quantum Ascend pointed to copycat moves playing out on Bitcoin’s stochastic relative strength index — a derivative of traditional RSI that moves between overbought and oversold zones more quickly than its standard counterpart.
His comparative chart shows stoch RSI forming a double bottom alongside price before both surged higher in early 2023, when BTC/USD had recently set a multiyear low of $15,600.
Quantum Ascend said the current setup is repeating that pattern, with stoch RSI now attempting to clear its 50/100 midpoint after two local lows in late January and late March.
He told X followers:
“RSI at the EXACT SAME point on the Daily as it was in 2022. Breaking above the EXACT SAME level (blue line). At the EXACT SAME time.”
Standard RSI also on watch
Separately, trader Jelle noted that Bitcoin appears to be forming a potential higher low on the weekly RSI — another echo of conditions seen at the 2022 bottom.
He stated:
“It looks like $BTC is forming a potential higher low on the weekly RSI. Giving it a few more weeks to develop, given how the previous bottoms had played out.”
At the 2022 bottom, weekly RSI set its lowest level on record — a level not yet matched in 2026, according to TradingView data.
Bear flag still a risk
Despite the bullish RSI signals, Bitcoin still faces bearish hurdles on the daily chart, with traders watching for a potential bear-flag breakdown.
Analyst Aksel Kibar wrote on X over the weekend:
“In few days we will understand if the pattern is repeating or not.”
The daily RSI and weekly monthly RSI readings will be closely watched in the coming sessions as traders weigh whether the 2022 parallel holds.
