Bitcoin Nears a Risk Zone as RSI Hits Extreme Levels: Back to $70,000? 

Bitcoin traded near $77,260 on Saturday, according to market data, after reaching an intraday high close to $79,500 before a sudden flash crash rattled the market.

The asset climbed more than 22% over the past week, but a technical signal is starting to raise caution among traders.

bitcoin:native highest 4h RSI in 7+ yearsbtw absurdly high rsi is good for long term, not for short term pic.twitter.com/0I6HO6gs7s— Krown (@KrownCryptoCave) August 22, 2026 What the RSI Shows and Why It Matters The relative strength index (RSI) measures price momentum on a scale of 0 to 100 and is considered overbought above 70.

On the 4-hour chart, the indicator now sits at its highest level in more than seven years. Analyst Krown noted early Saturday that this RSI extreme is good for the long term, but not for the short term. Readings above 80-90 reflect temporary exhaustion of demand.