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Bitcoin Intraday: the RSI is oversold

Oct 30, 2025 2:01 PM
the downside prevails as long as 109520 is resistance.
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109520 is our pivot point.
Our preference:
the downside prevails as long as 109520 is resistance.
Alternative scenario:
above 109520, look for 110830 and 111610.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 109770 and 110676).
Supports and resistances:
111610 **
110830 *
109520 **
109010
107750 last
105920
105150 **
104380 *
103610 **
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