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Evening update for Bitcoin (BTCUSD) -08-08-2025
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Evening update for Bitcoin (BTCUSD) -08-08-2025
Aug 8, 2025 1:01 PM

The (BTCUSD) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this overbought condition, and gaining positive momentum that might assisted it to recover and settle again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, with the continuation of the positive support that comes from its trading above EMA50, reinforcing the positive scenario on the near-term basis.

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