Bitcoin's Relative Strength Index (RSI) is approaching a critical level that could signal a deeper bear market, according to a new analysis by CryptoQuant researcher Axel Adler Jr. Over the past three months, Bitcoin has declined by 19.7%, equating to a drop of approximately $21,500, and is down 10.5% year-to-date. Despite a short-term stabilization, with a 1.5% weekly increase, the monthly RSI has weakened to 56.5, falling below the 12-month moving average for the first time and nearing the 4-year moving average of 58.7. Historically, a drop in RSI below the 4-year moving average has been a precursor to deeper bear markets. Adler emphasizes the importance of the next 1-2 months, suggesting that if the RSI remains between 55 and 58, Bitcoin might recover. However, a sustained drop below 55 could indicate a more significant downtrend. Investors are advised to monitor the RSI closely to assess whether the market is merely correcting or entering a more severe downturn.