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Bitcoin (BTCUSD) breaches its current resistance -Analysis-11-08-2025

Economies.com
2025-08-11 03:19AM UTC
AI Summary
  • Bitcoin (BTCUSD) opened the week with strong gains, breaching the resistance level at $118,000
  • Price is supported by trading above EMA50 and bullish signals on RSI, with potential for more upside moves
  • Expectations suggest a rise in BTCUSD price if it settles above $118,800, targeting initial resistance levels at $120,700

The price of Bitcoin (BTCUSD) opened this week with strong gains on its last intraday levels, to breach the current resistance level at $118,00, supported by the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, reinforcing the strength of the positive momentum.

 

The price is supported by the trading above EMA50, besides the clear bullish signals on the (RSI), despite reaching overbought levels, which might open the way for more upside moves if the price settles above the new support levels.

 

Therefore, our expectations suggest a rise in (BTCUSD) price in the upcoming intraday trading, if it settles above $118,800, to target the initial resistance levels at $120,700.

 

The expected trading range is between $118,000 support and $120,700 resistance.

 

Today’s forecast: Bullish

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Crude oil prices deepen its losses-Analysis-11-08-2025

Economies.com
2025-08-11 03:19AM UTC

The (crude oil) price kept declining in its last intraday trading, keeping its sharp bearish track alongside a minor bearish bias line on a short- term basis, and the selling pressures remain valid due to their stability below EMA50, these technical factors indicate the weakness of the bullish momentum and the continuation of the seller’s dominance on the trading.

 

The (RSI) began sending clear bearish signals, after reaching overbought levels, reinforcing the possibilities of the decline’s continuation in the upcoming period, especially if the price failed to break the near resistance levels.

 

Therefore, our expectations suggest a decline in (crude oil) prices in their upcoming intraday trading, if the price settles below $63.75, to target the support levels at $62.00.

 

The expected trading range is between $62.00 support and $64.40 resistance.

 

Today’s forecast: Bearish

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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Gold opens this week with sudden losses -Analysis-11-08-2025

Economies.com
2025-08-11 03:02AM UTC

The (Gold) declined in its last intraday trading, by the stability of the main resistance at $3,400, with the negative signals on the (RSI), despite the attempts to gain positive momentum to recover and breach this resistance, amid the dominance of minor bullish wave on the short-term basis, and the positive pressure that comes from its trading above EMA50.

 

The (RSI) reached oversold levels, suggesting a potential bullish rebound on a near-term basis, this contradiction between the current selling pressures and the potential positive technical indicators makes $3,400 resistance represents a key level for detecting the next trend for the precious metal.

 

Therefore, we suggest a rise in (Gold) price in its upcoming intraday trading, by the stability of $3,360 support, to target $3,400resistance, preparing to attack it.

 

The expected trading range is between $3,350 support and $3,420resistance.

 

 

Today's forecast: Bullish

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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EURUSD flirts with a key resistance amid positive technical signals-Analysis-11-08-2025

Economies.com
2025-08-11 03:02AM UTC

 

The (EURUSD) rose in its last intraday trading, amid its attempts to gain a bullish momentum that might assist it to breach the key and stubborn resistance at 1,1670, to indicate forming positive technical formation on the short-term basis which is the flag pattern, amid the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of the positive signals on the (RSI).

 

Therefore, our expectations for the (EURUSD) suggest a rise in the upcoming trading, especially when breaching the mentioned resistance at 1.1670, to target its critical resistance level at 1.1770.

 

The expected trading range is between 1.1595 support and 1.1730 resistance.

 

Today’s forecast: Bullish

 

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VIP Trading Signals Performance – July 28 – August 1, 2025

 

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