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Evening update for Bitcoin (BTCUSD) -16-07-2025
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Evening update for Bitcoin (BTCUSD) -16-07-2025
Jul 16, 2025 1:47 PM

The (BTCUSD) rose in the last intraday levels, preparing to reach the current resistance at $120,000, amid the continuation of the positive pressure due to its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains of the price.

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