Bitcoin Intraday: the RSI is oversold

Jan 19, 2026 7:41 AM

rebound towards 94640.

Our pivot point stands at 91640.
Our preference:
rebound towards 94640.
Alternative scenario:
the downside breakout of 91640 would call for 90490 and 89810.
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 above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 93006 and 94299).
Supports and resistances:
96010 **
95320 *
94640 **
93960
92590 last
92090
91640 **
90490 *
89810 **

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