Search
Bitcoin Intraday: the RSI is overbought
Aug 20, 2026 12:12 AM
As long as 68,705 is support, look for 70,469
Our pivot point is at 68,705.
Our preference:
As long as 68,705 is support, look for 70,469
Alternative scenario:
below 68,705, expect 68,160 and 67,836.
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 below its signal line and positive. The price could retrace. The price is above its 20 and 50 period moving average (respectively at 68,443 and 66,033).
Supports and resistances:
70,795 *
70,469 **
70,144
69,312 last
68,705 **
68,160 *
67,836 **
Our preference:
As long as 68,705 is support, look for 70,469
Alternative scenario:
below 68,705, expect 68,160 and 67,836.
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 below its signal line and positive. The price could retrace. The price is above its 20 and 50 period moving average (respectively at 68,443 and 66,033).
Supports and resistances:
70,795 *
70,469 **
70,144
69,312 last
68,705 **
68,160 *
67,836 **
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
81224.01
98.679999999993
+12.20%