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Evening update for Bitcoin -08-05-2026
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Evening update for Bitcoin -08-05-2026
May 8, 2026 11:42 AM

Bitcoin (BTCUSD) witnessed fluctuating trading in its last intraday trading, leaning on EMA50s support, amid its attempts to look for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the dominance of the main bullish trend on short-term basis with its trading alongside supportive trend line for this path, with the emergence of positive signals from the relative strength indicators after forming positive divergence.

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