Bitcoin Intraday: the RSI is overbought
Dec 2, 2025 8:15 PM
the upside prevails as long as 90590 is support.
Our pivot point stands at 90590.
Our preference:
the upside prevails as long as 90590 is support.
Alternative scenario:
the downside breakout of 90590 would call for 89180 and 88350.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 89732 and 87822).
Supports and resistances:
96100 **
95260 *
94420 **
93590
91754 last
91140
90590 **
89180 *
88350 **
Our preference:
the upside prevails as long as 90590 is support.
Alternative scenario:
the downside breakout of 90590 would call for 89180 and 88350.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 89732 and 87822).
Supports and resistances:
96100 **
95260 *
94420 **
93590
91754 last
91140
90590 **
89180 *
88350 **
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