Bitcoin Intraday: the RSI is oversold
May 22, 2026 7:14 PM
the downside prevails as long as 77250 is resistance.

Our pivot point stands at 77250.
Our preference:
the downside prevails as long as 77250 is resistance.
Alternative scenario:
above 77250, look for 78190 and 78760.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 76954 and 77282). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 76283).
Supports and resistances:
78760 **
78190 *
77250 **
76205 last
75020
74460 **
73900 *
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