Search
Bitcoin Intraday: the RSI is overbought
May 1, 2026 1:49 PM
the upside prevails as long as 77200 is support.
Our pivot point is at 77200.
Our preference:
the upside prevails as long as 77200 is support.
Alternative scenario:
below 77200, expect 76020 and 75310.
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 77365 and 76794). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 78164).
Supports and resistances:
81340 *
80630 **
79920
78300 last
77200 **
76020 *
75310 **
Our preference:
the upside prevails as long as 77200 is support.
Alternative scenario:
below 77200, expect 76020 and 75310.
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 77365 and 76794). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 78164).
Supports and resistances:
81340 *
80630 **
79920
78300 last
77200 **
76020 *
75310 **
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
75954.47
-1721.33
-221.60%
