Bitcoin Intraday: the RSI is overbought
Oct 19, 2025 5:34 PM
the upside prevails as long as 108300 is support.
Our pivot point stands at 108300.
Our preference:
the upside prevails as long as 108300 is support.
Alternative scenario:
below 108300, expect 107220 and 106570.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 107920 and 107383).
Supports and resistances:
112420 **
111770 *
111120 **
110480
109156 last
108730
108300 **
107220 *
106570 **
Our preference:
the upside prevails as long as 108300 is support.
Alternative scenario:
below 108300, expect 107220 and 106570.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 107920 and 107383).
Supports and resistances:
112420 **
111770 *
111120 **
110480
109156 last
108730
108300 **
107220 *
106570 **
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