Bitcoin Intraday: the RSI is oversold
Sep 23, 2025 7:49 PM
the downside prevails as long as 112680 is resistance.
Our pivot point is at 112680.
Our preference:
the downside prevails as long as 112680 is resistance.
Alternative scenario:
above 112680, look for 113800 and 114470.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112651 and 112672). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 111659).
Supports and resistances:
114470 **
113800 *
112680 **
112240
111625 last
110280
109610 **
108950 *
108280 **
Our preference:
the downside prevails as long as 112680 is resistance.
Alternative scenario:
above 112680, look for 113800 and 114470.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112651 and 112672). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 111659).
Supports and resistances:
114470 **
113800 *
112680 **
112240
111625 last
110280
109610 **
108950 *
108280 **
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
88293.81
52.20999999999185
+5.90%
