Bitcoin Intraday: the RSI is oversold
Jan 20, 2026 9:41 AM
the downside prevails as long as 91840 is resistance.
Our pivot point stands at 91840.
Our preference:
the downside prevails as long as 91840 is resistance.
Alternative scenario:
the upside breakout of 91840, would call for 92970 and 93640.
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 below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91767 and 92485).
Supports and resistances:
93640 **
92970 *
91840 **
91400
90862 last
89470
88800 **
88130 *
87460 **
Our preference:
the downside prevails as long as 91840 is resistance.
Alternative scenario:
the upside breakout of 91840, would call for 92970 and 93640.
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 below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91767 and 92485).
Supports and resistances:
93640 **
92970 *
91840 **
91400
90862 last
89470
88800 **
88130 *
87460 **
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