Bitcoin Intraday: the RSI is overbought
Aug 20, 2026 10:54 AM
The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets

Our pivot point is at 71,195.
Our preference:
The upside prevails as long as 71,195 is support, with 73,076 and 73,416 as targets
Alternative scenario:
below 71,195, expect 70,630 and 70,294.
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. The price is above its 20 and 50 period moving average (respectively at 69,909 and 68,358).
Supports and resistances:
73,755 *
73,416 **
73,076
71,976 last
71,195 **
70,630 *
70,294 **
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