Bitcoin’s monthly relative strength index (RSI) is rebounding from its 2026 low range, signaling improving long-term momentum as prices recover. The monthly RSI stood around 54 as of Aug. 24, above the five-month average of 47. Bitcoin has climbed as much as $87,265 this week from a July low of $57,700. Other indicators, including Supertrend and moving averages, have also turned positive, though RSI remains below levels seen in overheating phases.

A buy signal for bitcoin has been spotted near $84,000. The Crypto Basic reported that a Supertrend buy signal previously appeared when bitcoin was around $16,000, after which the indicator stayed green for about three years as the price rose about 700%. Bitcoin has rebounded 51% from a cycle low of $57,700. Other technical indicators also point to a similar move, with attention on resistance near $88,761.