Search
Bitcoin Intraday: the RSI is overbought
Apr 6, 2026 12:04 AM
the upside prevails as long as 67710 is support.
Our pivot point stands at 67710.
Our preference:
the upside prevails as long as 67710 is support.
Alternative scenario:
the downside breakout of 67710 would call for 66090 and 65120.
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 above its 20 and 50 period moving average (respectively at 67661 and 67258). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69009).
Supports and resistances:
73450 *
72480 **
71500
69478 last
67710 **
66090 *
65120 **
Our preference:
the upside prevails as long as 67710 is support.
Alternative scenario:
the downside breakout of 67710 would call for 66090 and 65120.
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 above its 20 and 50 period moving average (respectively at 67661 and 67258). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 69009).
Supports and resistances:
73450 *
72480 **
71500
69478 last
67710 **
66090 *
65120 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Bitcoin
76983.06
-274.54000000001
-35.50%
