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Bitcoin (BTCUSD) attempts to gain positive momentum -Analysis-30-07-2025
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Bitcoin (BTCUSD) attempts to gain positive momentum -Analysis-30-07-2025
Jul 29, 2025 8:46 PM

The price of Bitcoin (BTCUSD) declined in its last trading on the intraday levels, affected by the emergence of the negative signals on the (RSI), attempting to gain some of the positive momentum that might assist it to recover and rise again, and it leaned on the support of EMA50, accompanied by retesting the top of a positive technical formation on the short-term basis, represented by the falling wedge pattern.

This comes amid the continuation of the main bullish trend domination on the short-term basis, any potential rebound from these levels is considered a significant sign that might support regaining the positive track.

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