financetom
Technology
financetom
/
Technology
/
Bitcoin (BTCUSD) attempts to offload its overbought conditions -Analysis-09-07-2025
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Bitcoin (BTCUSD) attempts to offload its overbought conditions -Analysis-09-07-2025
Jul 8, 2025 11:39 PM

The price of Bitcoin (BTCUSD) resumed its stability in bearish range in the intraday levels, amid its attempts to gain positive momentum that supports its recovery and return to the bullish track, these attempts accompanied by the price attempt to offload some of the clear overbought conditions on the (RSI), especially with emergence of negative signals on these indicators.

The main bullish trend remains valid on the short-term basis, supported by the trading above EMA50, besides its stability alongside a bullish bias line, providing a dynamic support base that might reinforce the chances for the bullish track return in its upcoming moves.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Activist Starboard nominates three directors for Autodesk
Activist Starboard nominates three directors for Autodesk
Mar 26, 2025
March 26 (Reuters) - Starboard Value is nominating three directors to design and engineering software maker Autodesk's ( ADSK ) board, the activist investor said on Wednesday, rekindling its proxy battle with the company over margin concerns. ...
Nokia's Dual Breakthrough: DFN Network Upgrade & Corteca Expansion
Nokia's Dual Breakthrough: DFN Network Upgrade & Corteca Expansion
Mar 26, 2025
On Wednesday, Nokia Corporation disclosed that it has upgraded and expanded Deutsches Forschungsnetz e.V. (DFN)’s IP core router network in Germany. Notably, DFN chose Nokia ( NOK ) to replace existing equipment with IP core network routers at ten locations across Germany. The upgrade boosts connectivity from 100G to 400G, with the potential to scale to 800G as needed. Nokia...
Exclusive-DOGE staffer, 'Big Balls', provided tech support to cybercrime ring, records show
Exclusive-DOGE staffer, 'Big Balls', provided tech support to cybercrime ring, records show
Mar 26, 2025
(Note: This story contains strong language in paragraph 15) By Raphael Satter WILMINGTON, Delaware (Reuters) - The best-known member of Elon Musk's U.S. DOGE Service team of technologists once provided support to a cybercrime gang that bragged about trafficking in stolen data and cyberstalking an FBI agent, according to digital records reviewed by Reuters. Edward Coristine is among the most...
US Supreme Court to scrutinize Federal Communications Commission fund's legality
US Supreme Court to scrutinize Federal Communications Commission fund's legality
Mar 26, 2025
WASHINGTON (Reuters) - The U.S. Supreme Court is set on Wednesday to hear the Federal Communications Commission's defense of the mechanism it uses to fund a multi-billion dollar effort to expand phone and broadband internet access to low-income and rural Americans and other beneficiaries. The FCC and a coalition of telecommunications firms and interest groups have appealed a lower court's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved