Bitcoin (BTCUSD) gathers its gains -Analysis-05-08-2025
AI Summary
- Bitcoin's price declined in recent trading due to bearish correctional trend and negative pressure from trading below EMA50 and overbought RSI levels
- Despite the decline, Bitcoin remains within a minor bullish wave's range and is stable above $114,500 resistance, indicating potential for recovery and rise
- BestTradingSignal.com offers professional trading signals for US stocks, crypto, forex, and VIP signals for gold, oil, forex, bitcoin, ethereum, and indices, with subscription options starting at €44/month
The price of Bitcoin (BTCUSD) declined in its last intraday trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside supportive bias line for this trend, 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 reaching overbought levels.
Despite the negative pressure, the price moves within minor bullish wave’s range steady and strongly, with its stability above $114,500 resistance, therefore, the last decline was an attempt to collect profits and offload the overbought conditions on the (RSI), to gain bullish momentum that might help it to recover and rise again.
BestTradingSignal.com – Professional Trading Signals
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
To view the full performance report for this week, visit the following link:
Crude oil prices attempt to offload its oversold conditions-Analysis-05-08-2025
The (crude oil) price settled on slight gains in its last intraday trading, in attempt to recover some of its previous losses, taking advantage of the stability of the critical support at $66.85, which provides some bullish momentum.
This recovery comes amid the attempt to offload the clear oversold condition on the (RSI), especially with the emergence of the positive signals, but the price remains under negative pressure by its trading below EMA50, besides its affection by a minor sharp bearish wave on the short-term basis.
BestTradingSignal.com – Professional Trading Signals
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
To view the full performance report for this week, visit the following link:
Gold price breaches its current resistance -Analysis-05-08-2025
The (Gold) price rose in its last intraday trading, to breach the current resistance at $3,375 level, as a signal for the strength of the dominant bullish momentum on the intraday trading.
This rise came due to offloading the clear overbought conditions on the (RSI), which opened the way for resuming the gains, supported by the dynamic support that comes from its stability above EMA50, affected by strong minor bullish wave that supports the positive track on the short-term basis.
BestTradingSignal.com – Professional Trading Signals
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
To view the full performance report for this week, visit the following link:
EURUSD attempts to gain positive momentum-Analysis-05-08-2025
The (EURUSD) fluctuated in its last intraday levels, affected by the stability of the strong resistance at 1.1575 level, besides the continuation of the negative pressure due to its stability below EMA50, indicating the continuation of the fluctuation and the dominance selling pressures on the trading.
The price attempts to take advantage of dominant minor bullish wave on the intraday basis, to catch its breath and collect the required bullish momentum to breach the mentioned resistance, accompanied by its attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signals, which makes the upcoming trading depend on the price reaction near the critical range.
BestTradingSignal.com – Professional Trading Signals
Get high-accuracy trading signals delivered directly to your Telegram. Subscribe to specialized packages tailored for the world’s top markets:
US Stock Signals from €44/month
Subscribe via TelegramCrypto Signals from €49/month
Subscribe via TelegramForex Signals from €49/month
Subscribe via TelegramVIP Signals (Gold, Oil, Forex, Bitcoin, Ethereum, Indices) from €179/month
Subscribe via TelegramVIP Trading Signals Performance – July 28 – August 1, 2025
To view the full performance report for this week, visit the following link: