Bitcoin Intraday: the RSI is overbought
Oct 13, 2025 2:02 AM
as long as 114800 is support look for 118250.
Our pivot point stands at 114800.
Our preference:
as long as 114800 is support look for 118250.
Alternative scenario:
the downside breakout of 114800 would call for 113530 and 112770.
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 below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114944 and 112996).
Supports and resistances:
119770 **
119010 *
118250 **
117490
115840 last
115300
114800 **
113530 *
112770 **
Our preference:
as long as 114800 is support look for 118250.
Alternative scenario:
the downside breakout of 114800 would call for 113530 and 112770.
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 below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114944 and 112996).
Supports and resistances:
119770 **
119010 *
118250 **
117490
115840 last
115300
114800 **
113530 *
112770 **
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