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Bitcoin Intraday: the RSI is oversold
Feb 11, 2026 9:41 AM
the downside prevails as long as 68070 is resistance.
Our pivot point stands at 68070.
Our preference:
the downside prevails as long as 68070 is resistance.
Alternative scenario:
the upside breakout of 68070, would call for 69460 and 70290.
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 stands below its 20 and 50 period moving average (respectively at 67777 and 68473).
Supports and resistances:
70290 **
69460 *
68070 **
67520
66866 last
65200
64370 **
63540 *
62710 **
Our preference:
the downside prevails as long as 68070 is resistance.
Alternative scenario:
the upside breakout of 68070, would call for 69460 and 70290.
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 stands below its 20 and 50 period moving average (respectively at 67777 and 68473).
Supports and resistances:
70290 **
69460 *
68070 **
67520
66866 last
65200
64370 **
63540 *
62710 **
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