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Evening update for Bitcoin (BTCUSD) -29-08-2025
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Evening update for Bitcoin (BTCUSD) -29-08-2025
Aug 29, 2025 12:10 PM

The (BTCUSD) deepened its losses in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, forming a resistance that prevented the previous attempt of the price, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a supportive bias line for the bearish trend, on the other hand, we notice the emergence of positive overlapping on the (RSI), after reaching oversold levels, which might reduce the upcoming losses.

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