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Forecast update for Bitcoin -12-08-2026
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Forecast update for Bitcoin -12-08-2026
Aug 12, 2026 6:47 AM

(BTCUSD) extended its cautious gains during its recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of sustainable recovery in the near period, especially that the relative strength indicators have reached excessive overbought levels compared to the price action, as a clear signal for a rapid loss for the bullish momentum.

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