Bitcoin Intraday: the RSI is overbought
Aug 28, 2025 8:40 AM
the upside prevails as long as 112380 is support.
Our pivot point stands at 112380.
Our preference:
the upside prevails as long as 112380 is support.
Alternative scenario:
below 112380, expect 111190 and 110480.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 112266 and 111877).
Supports and resistances:
116880 **
116170 *
115460 **
114740
113321 last
112850
112380 **
111190 *
110480 **
Our preference:
the upside prevails as long as 112380 is support.
Alternative scenario:
below 112380, expect 111190 and 110480.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 112266 and 111877).
Supports and resistances:
116880 **
116170 *
115460 **
114740
113321 last
112850
112380 **
111190 *
110480 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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