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Evening update for Bitcoin -03-08-2026
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Evening update for Bitcoin -03-08-2026
Aug 3, 2026 10:13 AM

(BTCUSD) rose during its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, reaching EMA50s resistance, which threatens these gains with a bearish reversal especially with the trading within bearish corrective channels range that limited its previous trading on the short-term basis, reducing the chances of a full recovery in the near upcoming period.

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