Bitcoin Intraday: the RSI is overbought
Jan 12, 2026 3:04 AM
the upside prevails as long as 91020 is support.
Our pivot point is at 91020.
Our preference:
the upside prevails as long as 91020 is support.
Alternative scenario:
the downside breakout of 91020 would call for 89770 and 89030.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90939 and 90793). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 91946).
Supports and resistances:
95960 **
95220 *
94480 **
93730
92014 last
91510
91020 **
89770 *
89030 **
Our preference:
the upside prevails as long as 91020 is support.
Alternative scenario:
the downside breakout of 91020 would call for 89770 and 89030.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90939 and 90793). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 91946).
Supports and resistances:
95960 **
95220 *
94480 **
93730
92014 last
91510
91020 **
89770 *
89030 **
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