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Bitcoin (BTCUSD) breaks bullish trend line -Analysis-01-08-2025
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Bitcoin (BTCUSD) breaks bullish trend line -Analysis-01-08-2025
Jul 31, 2025 8:48 PM

The price of Bitcoin (BTCUSD) slipped lower in its last intraday trading, after breaking a minor bullish trend line on a short-term basis, accompanied by surpassing the support of its EMA50, which increased the negative pressure on the price and pushed it to record extra losses.

This decline came with the emergence of the negative signals on the (RSI) after reaching overbought levels, reinforcing the negative overview on the intraday basis unless positive signals appear to change this overview on the near-term basis.

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