Bitcoin Intraday: the RSI is oversold
Jan 19, 2026 5:04 AM
the downside prevails as long as 93610 is resistance.
Our pivot point is at 93610.
Our preference:
the downside prevails as long as 93610 is resistance.
Alternative scenario:
above 93610, look for 94760 and 95440.
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 93711 and 94558).
Supports and resistances:
95440 **
94760 *
93610 **
93160
92704 last
91270
90590 **
89900 *
89220 **
Our preference:
the downside prevails as long as 93610 is resistance.
Alternative scenario:
above 93610, look for 94760 and 95440.
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 93711 and 94558).
Supports and resistances:
95440 **
94760 *
93610 **
93160
92704 last
91270
90590 **
89900 *
89220 **
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