Bitcoin faces an imminent crash warning after its weekly relative strength index fell below 30 in early February 2026, a level reached only three times before in the asset's history. Each prior occurrence — in January 2015, December 2018 and June 2022 — preceded significant price dislocations. The warning compounds bearish pressure from macro headwinds and on-chain weakness.
Bitcoin faces a fresh crash warning after its weekly relative strength index fell below 30 in early February, a level reached only three times previously in the asset's 16-year history.
"The RSI at these depths has historically signaled either final capitulation or a generational bottom, but never a neutral outcome," Nina Volkov, Bitcoin macro analyst at Edgen, said.
The weekly RSI dropped below 30 in early February 2026, joining prior occurrences in January 2015 when Bitcoin traded near $200, in December 2018 around $3,500 and in June 2022 near $17,600, according to historical price data. Each instance preceded a period of heightened volatility, with the 2015 and 2022 events marking local bottoms before sustained recoveries.
The current warning arrives against a more complex macro backdrop than prior cycles, with elevated interest rates and persistent macroeconomic uncertainty weighing on risk assets. A Forbes article published June 2 warned that Bitcoin is "suddenly braced for a devastating price crash," reflecting growing bearish sentiment among market participants. The warning could trigger panic selling and increased short positioning among retail and institutional traders, potentially accelerating a downward move that may spill over to the broader cryptocurrency market.
This article is for informational purposes only and does not constitute investment advice.
