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Bitcoin Intraday: the RSI is overbought
Mar 13, 2026 2:01 PM
the upside prevails as long as 71450 is support.
Our pivot point is at 71450.
Our preference:
the upside prevails as long as 71450 is support.
Alternative scenario:
below 71450, expect 69730 and 68700.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 71999 and 71117). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 73262).
Supports and resistances:
77770 *
76730 **
75700
73500 last
71450 **
69730 *
68700 **
Our preference:
the upside prevails as long as 71450 is support.
Alternative scenario:
below 71450, expect 69730 and 68700.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 71999 and 71117). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 73262).
Supports and resistances:
77770 *
76730 **
75700
73500 last
71450 **
69730 *
68700 **
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