Bitcoin's weekly Relative Strength Index (RSI) remains at 38, a level above the historic buy zone that has marked major market bottoms since 2015. Currently, Bitcoin is trading near $89,462 within a rising channel, supported by strong liquidity and stable on-chain activity. Analysts highlight that the RSI has not yet dropped to 29, a level historically associated with significant buying opportunities. Additionally, on-chain metrics such as liveliness are increasing, suggesting heightened movement of older coins and stronger market demand.