The price of Bitcoin (BTCUSD) declined in its last intraday trading, after its reached the main resistance level of $120,000, in attempt to gain positive momentum that might allow it to breach this key psychological barrier, amid the continuation of the main bullish trend on the short-term basis, and trading alongside a minor bias line that supports the positive track.
The technical image is reinforced by the price stability above EMA50, besides the positive signals that come from the (RSI), showing sharp oversold signals that might open the way for a new bullish wave, if the price surpassed the current resistance.
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The (crude oil) price continued its decline in its last intraday trading, after reaching critical resistance level at $63.75, which reinforced the negative pressures on the price, this decline came amid the trading alongside a sharp minor bias line on the short-term basis, indicating the strength of the bearish trend and its dominance on the market’s trading.
The (RSI) supported the negative overview after the emergence of bearish signs, despite reaching exaggerated oversold levels, indicating the continuation of the pressure on the near- term basis unless the price managed to break this trend with strong gains that breaches its main resistance.
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The (Gold) declined in its last intraday trading, after its fluctuation due to the negative pressure of its stability below EMA50, besides breaking a minor bullish trend line on the short-term basis, reinforcing the selling pressure on the price.
The (RSI) showed positive signals after reaching sharp oversold levels, which provided positive momentum, and it might ease the way for recovery attempts on the near-term basis if it settles above main resistance levels.
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The (EURUSD) kept rising in its last intraday trading, breaching the critical resistance level at 1.1670, supported by bullish move on the short-term basis alongside a minor supportive trend line, and the price kept its positive momentum by its trading above EMA50, with an extra confirmation by the positive signals from the (RSI).
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