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Bitcoin (BTCUSD) attempts to offload its overbought conditions -Analysis-09-07-2025
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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.

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