Bitcoin Intraday: the RSI is overbought
Aug 28, 2025 8:40 AM
the upside prevails as long as 112380 is support.
Our pivot point stands at 112380.
Our preference:
the upside prevails as long as 112380 is support.
Alternative scenario:
below 112380, expect 111190 and 110480.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 112266 and 111877).
Supports and resistances:
116880 **
116170 *
115460 **
114740
113321 last
112850
112380 **
111190 *
110480 **
Our preference:
the upside prevails as long as 112380 is support.
Alternative scenario:
below 112380, expect 111190 and 110480.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 112266 and 111877).
Supports and resistances:
116880 **
116170 *
115460 **
114740
113321 last
112850
112380 **
111190 *
110480 **
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