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Bitcoin (BTCUSD) is under negative pressure -Analysis-29-07-2025
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Bitcoin (BTCUSD) is under negative pressure -Analysis-29-07-2025
Jul 28, 2025 8:44 PM

The price of Bitcoin (BTCUSD) declined in its last trading on the intraday levels, affected by breaking a main bullish trend line on the short-term basis, this last decline came to push the price to break the support of its EMA50, to face more of the negative pressure in its current trading.

On the other hand, there are recovery attempts begin to appear, where we can see a positive overlapping signals on the (RSI), after reaching oversold levels, these signals might limit the upcoming losses temporarily and provide a chance for the stability attempt or the intraday recovery.

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