Bitcoin Intraday: the RSI is oversold
Sep 22, 2025 6:47 AM
the downside prevails as long as 113930 is resistance.
Our pivot point is at 113930.
Our preference:
the downside prevails as long as 113930 is resistance.
Alternative scenario:
above 113930, look for 115060 and 115720.
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 below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114618 and 115228). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 113126).
Supports and resistances:
115720 **
115060 *
113930 **
113490
112992 last
111440
110770 **
110100 *
109430 **
Our preference:
the downside prevails as long as 113930 is resistance.
Alternative scenario:
above 113930, look for 115060 and 115720.
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 below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114618 and 115228). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 113126).
Supports and resistances:
115720 **
115060 *
113930 **
113490
112992 last
111440
110770 **
110100 *
109430 **
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.
Related Instruments
Bitcoin
88274.41
32.80999999999767
+3.70%
