Bitcoin Intraday: the RSI is overbought
Jul 5, 2026 11:34 PM
the upside prevails as long as 62970 is support.

Our pivot point stands at 62970.
Our preference:
the upside prevails as long as 62970 is support.
Alternative scenario:
the downside breakout of 62970 would call for 62180 and 61710.
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 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 62890 and 62811).
Supports and resistances:
65530 *
65060 **
64590
63620 last
62970 **
62180 *
61710 **
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