Bitcoin Intraday: the RSI is overbought
Oct 5, 2025 6:47 AM
the upside prevails as long as 123790 is support.
Our pivot point stands at 123790.
Our preference:
the upside prevails as long as 123790 is support.
Alternative scenario:
below 123790, expect 122470 and 121680.
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 123375 and 122630).
Supports and resistances:
128950 **
128160 *
127370 **
126580
124997 last
124320
123790 **
122470 *
121680 **
Our preference:
the upside prevails as long as 123790 is support.
Alternative scenario:
below 123790, expect 122470 and 121680.
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 123375 and 122630).
Supports and resistances:
128950 **
128160 *
127370 **
126580
124997 last
124320
123790 **
122470 *
121680 **
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