Bitcoin Intraday: the RSI is oversold
Jun 21, 2025 7:50 PM
the downside prevails as long as 103540 is resistance.
Our pivot point stands at 103540.
Our preference:
the downside prevails as long as 103540 is resistance.
Alternative scenario:
the upside breakout of 103540, would call for 104810 and 105560.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (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 103473 and 103467). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 102543).
Supports and resistances:
105560 **
104810 *
103540 **
103040
102400 last
100770
100020 **
99270 *
98520 **
Our preference:
the downside prevails as long as 103540 is resistance.
Alternative scenario:
the upside breakout of 103540, would call for 104810 and 105560.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (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 103473 and 103467). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 102543).
Supports and resistances:
105560 **
104810 *
103540 **
103040
102400 last
100770
100020 **
99270 *
98520 **
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