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Forecast update for Bitcoin -04-08-2025
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Forecast update for Bitcoin -04-08-2025
Aug 4, 2025 6:56 AM

The price of (BTCUSD) declined in its last intraday trading, due to the stability of the critical resistance level at $114,500, amid the dominance of the main bearish trend on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI)after forming a negative divergence after reaching overbought levels, which increased the negative pressure on the price.

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