Bitcoin Intraday: the RSI is oversold
Jan 19, 2026 3:04 AM
the downside prevails as long as 93470 is resistance.
93470 is our pivot point.
Our preference:
the downside prevails as long as 93470 is resistance.
Alternative scenario:
the upside breakout of 93470, would call for 94620 and 95300.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 94251 and 94752).
Supports and resistances:
95300 **
94620 *
93470 **
93020
92570 last
91160
90470 **
89790 *
89110 **
Our preference:
the downside prevails as long as 93470 is resistance.
Alternative scenario:
the upside breakout of 93470, would call for 94620 and 95300.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (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 94251 and 94752).
Supports and resistances:
95300 **
94620 *
93470 **
93020
92570 last
91160
90470 **
89790 *
89110 **
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