Bitcoin Intraday: the RSI is overbought
Aug 20, 2026 12:12 AM
As long as 68,705 is support, look for 70,469

Our pivot point is at 68,705.
Our preference:
As long as 68,705 is support, look for 70,469
Alternative scenario:
below 68,705, expect 68,160 and 67,836.
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 below its signal line and positive. The price could retrace. The price is above its 20 and 50 period moving average (respectively at 68,443 and 66,033).
Supports and resistances:
70,795 *
70,469 **
70,144
69,312 last
68,705 **
68,160 *
67,836 **
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