Bitcoin Intraday: the RSI is overbought
Nov 27, 2025 3:04 AM
the upside prevails as long as 90230 is support.
Our pivot point is at 90230.
Our preference:
the upside prevails as long as 90230 is support.
Alternative scenario:
the downside breakout of 90230 would call for 88830 and 87990.
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 positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90440 and 88551).
Supports and resistances:
95580 **
94740 *
93910 **
93070
91386 last
90780
90230 **
88830 *
87990 **
Our preference:
the upside prevails as long as 90230 is support.
Alternative scenario:
the downside breakout of 90230 would call for 88830 and 87990.
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 positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 90440 and 88551).
Supports and resistances:
95580 **
94740 *
93910 **
93070
91386 last
90780
90230 **
88830 *
87990 **
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