Bitcoin’s monthly RSI has dropped to around 40 for the first time since December 2022, signaling weakening momentum as traders closely monitor BTC’s next major move.
Bitcoin Monthly RSI Falls to Lowest Level Since December 2022 as BTC Price Weakens
Published: July 17, 2026
Key Takeaways
- Bitcoin’s monthly Relative Strength Index (RSI) has fallen to around the 40 level.
- The indicator has not been this low since December 2022.
- A lower RSI suggests weakening long-term price momentum.
- Analysts are watching whether Bitcoin can regain strength or extend its correction.
Bitcoin’s Long-Term Momentum Continues to Weaken
Bitcoin’s monthly Relative Strength Index (RSI), one of the most widely followed technical indicators in cryptocurrency markets, has dropped to approximately 40, marking its lowest reading since December 2022, according to CoinMarketCap data.
The decline comes as Bitcoin trades around $63,214, extending recent weakness after reaching significantly higher levels earlier in the cycle.
The monthly RSI measures long-term market momentum rather than short-term price movements, making it a closely watched indicator among traders and investors.
What Does a Monthly RSI of 40 Mean?
The Relative Strength Index (RSI) ranges from 0 to 100 and is commonly used to evaluate market momentum.
Generally:
- Above 70 may indicate an overbought market.
- Below 30 may indicate an oversold market.
- Around 40 suggests momentum has weakened considerably but does not necessarily signal a market bottom.
While the indicator has reached its lowest point since late 2022, it should not be viewed as a standalone predictor of future price action.
Why Traders Are Paying Attention
Bitcoin’s last visit to similar monthly RSI levels occurred during the bear market in December 2022 before prices eventually recovered in the following months.
However, market conditions today are different. Investors are also monitoring macroeconomic developments, institutional demand, ETF flows, and broader cryptocurrency market sentiment.
Whether Bitcoin rebounds or continues lower will likely depend on a combination of technical signals and fundamental market factors.
