Bitcoin Intraday: the RSI is oversold
Dec 1, 2025 5:04 AM
the downside prevails as long as 86830 is resistance.
Our pivot point is at 86830.
Our preference:
the downside prevails as long as 86830 is resistance.
Alternative scenario:
the upside breakout of 86830, would call for 88150 and 88940.
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 88689 and 90256).
Supports and resistances:
88940 **
88150 *
86830 **
86320
85799 last
84230
83440 **
82660 *
81880 **
Our preference:
the downside prevails as long as 86830 is resistance.
Alternative scenario:
the upside breakout of 86830, would call for 88150 and 88940.
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 88689 and 90256).
Supports and resistances:
88940 **
88150 *
86830 **
86320
85799 last
84230
83440 **
82660 *
81880 **
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