Bitcoin Intraday: the RSI is oversold
Oct 14, 2025 6:50 AM
the downside prevails as long as 113430 is resistance.
Our pivot point is at 113430.
Our preference:
the downside prevails as long as 113430 is resistance.
Alternative scenario:
the upside breakout of 113430, would call for 114670 and 115410.
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 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 114222 and 114673).
Supports and resistances:
115410 **
114670 *
113430 **
112950
111701 last
110240
109510 **
108780 *
108050 **
Our preference:
the downside prevails as long as 113430 is resistance.
Alternative scenario:
the upside breakout of 113430, would call for 114670 and 115410.
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 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 114222 and 114673).
Supports and resistances:
115410 **
114670 *
113430 **
112950
111701 last
110240
109510 **
108780 *
108050 **
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