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Bitcoin Intraday: the RSI is overbought
Mar 23, 2026 11:28 AM
the upside prevails as long as 67280 is support.
Our pivot point is at 67280.
Our preference:
the upside prevails as long as 67280 is support.
Alternative scenario:
below 67280, expect 65670 and 64720.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68427 and 68423). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69654).
Supports and resistances:
75470 *
74470 **
73470
70767 last
67280 **
65670 *
64720 **
Our preference:
the upside prevails as long as 67280 is support.
Alternative scenario:
below 67280, expect 65670 and 64720.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68427 and 68423). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69654).
Supports and resistances:
75470 *
74470 **
73470
70767 last
67280 **
65670 *
64720 **
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Bitcoin
69159.99
1531.6399999999994
+226.50%
