Bitcoin Intraday: the RSI is oversold
Jan 19, 2026 1:04 AM
the downside prevails as long as 93600 is resistance.
93600 is our pivot point.
Our preference:
the downside prevails as long as 93600 is resistance.
Alternative scenario:
the upside breakout of 93600, would call for 94750 and 95430.
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 is trading under both its 20 and 50 period moving average (respectively at 94772 and 94949). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92742).
Supports and resistances:
95430 **
94750 *
93600 **
93150
92550 last
91110
90430 **
89750 *
89070 **
Our preference:
the downside prevails as long as 93600 is resistance.
Alternative scenario:
the upside breakout of 93600, would call for 94750 and 95430.
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 is trading under both its 20 and 50 period moving average (respectively at 94772 and 94949). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 92742).
Supports and resistances:
95430 **
94750 *
93600 **
93150
92550 last
91110
90430 **
89750 *
89070 **
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