Bitcoin Intraday: the RSI is overbought

Aug 21, 2026 8:48 AM

The upside prevails as long as 75,736 is support, with 78,097 and 78,460 as targets

Our pivot point is at 75,736.
Our preference:
The upside prevails as long as 75,736 is support, with 78,097 and 78,460 as targets
Alternative scenario:
below 75,736, expect 75,135 and 74,778.
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 above its signal line and positive. The configuration is positive. The price is above its 20 and 50 period moving average (respectively at 74,783 and 73,184). The Bitcoin / USD is trading above its upper Bollinger band (standing at 77,091).
Supports and resistances:
78,823 *
78,460 **
78,097
77,182 last
75,736 **
75,135 *
74,778 **

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