Bitcoin News Update: Altcoins Resist Bitcoin's Decline Amid Changing Market Attention

Bitcoin’s 14-day relative strength index (RSI) has dipped below 30, signaling an oversold condition that has often preceded price recoveries in the past. This momentum indicator, popular among traders, implies that the recent steep drop in BTC—over 24% in November—could be approaching a halt or even a reversal

. Still, experts warn that RSI alone should not be relied upon to determine market trends.

An oversold RSI reading points to significant selling pressure, which can create a technical pause in the ongoing decline

. Back in February 2025, a similar RSI drop below 30 coincided with a slowdown in Bitcoin’s losses, eventually leading to a bottom near $75,000 by early April. Market participants are now watching to see if this pattern repeats, with many stressing the importance of confirmation from price movements. Candlestick patterns such as dojis or those with long lower shadows could support the RSI signal and indicate that selling may be easing .

At the same time, altcoins have demonstrated unexpected strength during Bitcoin’s downturn. The ALT/BTC ratio, which measures altcoin performance relative to Bitcoin, has climbed nearly 9.5% in November, bucking the usual trend where altcoins lag behind during

declines . Analyst Bull Theory attributes this to exhaustion among altcoin sellers, as most have already exited their positions, reducing downward pressure. This, coupled with shifting trading patterns, hints at a possible market shift.

Maartunn from CryptoQuant pointed out that 60% of Binance’s trading volume is now directed toward altcoins, the highest proportion since early 2025

. This trend reflects a growing appetite for risk among traders, who are increasingly investing in alternative cryptocurrencies despite Bitcoin’s weakness. The rising ALT/BTC ratio and Binance’s volume distribution echo trends seen during previous market shifts, suggesting a potential change in investor focus .

Technical indicators for Bitcoin also reveal deeply oversold conditions. The daily RSI has dropped to its lowest point in two years, while the weekly RSI matches levels last seen in January 2023. The daily MACD has also reached a record low, further supporting the notion that the current sell-off could be running out of steam . Such readings typically appear when a downtrend is losing momentum, giving traders a reason for cautious optimism.

The relationship between Bitcoin’s RSI and the performance of altcoins underscores a broader market trend. While the RSI often acts as a self-fulfilling prophecy—its widespread use amplifying its effects—the recent divergence in altcoin activity may signal a turning point

. Traders are encouraged to monitor new support levels and candlestick signals, as these could confirm the RSI’s message and pave the way for a potential recovery.