Analysis: The Bitcoin RSI index is approaching a critical range, which may indicate that it is approaching the bottom of the market According to BlockBeats news, on March 20th, analyst @ CryptoJelleNL stated that the Bitcoin Relative Strength Index (RSI) is approaching a critical range, and the market is closely monitoring whether it has formed a "higher low point" to confirm potential upward signals. Historical data shows that the bottom of a Bitcoin bear market is usually accompanied by a bullish divergence in the weekly RSI. Once the weekly RSI reaches a higher low point again, the market will enter a critical observation phase; Even if there is still room for price decline, as long as RSI starts to rebound, it often means that the bottom is approaching or has already appeared. Looking back at history, the last time RSI turned bullish was at the end of a bear market in 2022, and began a sustained upward trend for over a year. At that time, the market also focused on recovering the 200 week moving average (EMA) as an important support, which was achieved in March 2023. Under the current structure, although the bearish flag has not completely failed, the technical side has released potential reversal signals.