Bitcoin Intraday: the RSI is oversold
Dec 1, 2025 3:04 AM
the downside prevails as long as 87810 is resistance.
Our pivot point stands at 87810.
Our preference:
the downside prevails as long as 87810 is resistance.
Alternative scenario:
above 87810, look for 89140 and 89930.
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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89798 and 90655).
Supports and resistances:
89930 **
89140 *
87810 **
87280
86700 last
85110
84320 **
83530 *
82740 **
Our preference:
the downside prevails as long as 87810 is resistance.
Alternative scenario:
above 87810, look for 89140 and 89930.
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 negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 89798 and 90655).
Supports and resistances:
89930 **
89140 *
87810 **
87280
86700 last
85110
84320 **
83530 *
82740 **
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