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Bitcoin Intraday: the RSI is oversold
Mar 26, 2026 11:28 AM
the downside prevails as long as 70920 is resistance.
Our pivot point is at 70920.
Our preference:
the downside prevails as long as 70920 is resistance.
Alternative scenario:
the upside breakout of 70920, would call for 72570 and 73560.
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 is trading under both its 20 and 50 period moving average (respectively at 70219 and 70810).
Supports and resistances:
73560 **
72570 *
70920 **
69266 last
67310
66330 **
65350 *
Our preference:
the downside prevails as long as 70920 is resistance.
Alternative scenario:
the upside breakout of 70920, would call for 72570 and 73560.
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 is trading under both its 20 and 50 period moving average (respectively at 70219 and 70810).
Supports and resistances:
73560 **
72570 *
70920 **
69266 last
67310
66330 **
65350 *
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