RSI Divergences Spark Hope for Bitcoin Rebound in July

Bitcoin ($BTC) is nearing the end of June and Q2 2026, facing potential losses below $60,000. However, a key bullish signal from its Relative Strength Index (RSI) data suggests that this downward trend might be about to change. According to TradingView data, Bitcoin's RSI divergences are printing key bullish signals that were absent from previous dips in 2026.

Traders remain concerned about the support collapse, comparing it to the bear market of 2022. However, analysis suggests that macro data will play a crucial role in the coming days, particularly with regards to labor market and Iran peace deal developments. The potential for a crypto tailwind is also on the horizon.

Historically, July has been a strong month for Bitcoin bulls, potentially providing relief from June's losses. Onchain data indicates that Bitcoin's first bottoming flag is already present, adding to the optimism. While caution is advised, given the mixed correlation activity between equities and crypto markets in recent months, the data suggests that this could be a turning point for $BTC.