[Analysis: Bitcoin May Be Approaching a Cyclical Bottom, Market Focuses on Key RSI Signal] Odaily Planet Daily News – Bitcoin's Relative Strength Index (RSI) is nearing a critical range, and the market is closely watching whether it forms a 'higher low' to confirm a potential signal for continued upward momentum. Historical data shows that Bitcoin bear market bottoms are often accompanied by bullish divergence in the weekly RSI. Trader Jelle stated that once the weekly RSI forms another higher low, the market will enter a critical observation phase; even if prices still have room to dip, as long as the RSI begins to recover, it often indicates that the bottom is near or has already formed. Looking back at history, the last time the RSI turned bullish was at the end of the 2022 bear market, which initiated an upward trend lasting over a year. At that time, the market also focused on reclaiming the 200-week Exponential Moving Average (EMA) as a key support, a move that materialized in March 2023. Under the current structure, although the bearish flag pattern has not been entirely invalidated, technical indicators have already signaled a potential reversal. (Cointelegraph)