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Bitcoin is attempting to offload its oversold conditions-Analysis-31-10-2025
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Bitcoin is attempting to offload its oversold conditions-Analysis-31-10-2025
Oct 30, 2025 9:43 PM

Bitcoin (BTCUSD) witnessed clear bullish surge in its last intraday trading, supported by the stability of the key support of $106,800, which represents our expected target in our previous analysis, providing bullish momentum that helped it to recover some of its last losses, accompanied by the emergence of the bullish signs on the relative strength indicators after sever oversold conditions, to attempt to offload some of these conditions.

On the other hand, the price remains facing some technical pressures due to the continuation of its trading below EMA50, besides its exit from bullish corrective channels range on a short-term basis, keeping the negative pressures.

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