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Evening update for Bitcoin -08-04-2026
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Evening update for Bitcoin -08-04-2026
Apr 8, 2026 11:55 AM

The (BTCUSD) price is experiencing fluctuating moves on its last intraday levels, amid its attempts to breach the key resistance of $71,500, taking advantage of the dynamic support that is represented by its trading above EMA50, with the dominance of strong bullish wave on the short-term basis, on the other hand, we notice the emergence of negative signals from the relative strength indicators, after reaching overbought levels, which might decelerate the upside moves in the upcoming near period, due to its neediness to offload some of this overbought conditions.

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