Bitcoin price (BTCUSD) rose during its latest intraday trading, approaching a test of the key resistance level at $71,500, which represents an important technical barrier that could determine the next price direction. This upward move is supported by trading above EMA50, which provides dynamic support and reinforces the stability of the short-term bullish trend.
Additionally, the price’s success in easing part of the overbought conditions on the relative strength indicators has given it more room to continue rising, supporting the chances of reaching higher resistance levels in the near term.
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Crude oil price keeps its last gains its recent intraday trading, despite breaking main bullish trend line previously on the short-term basis, which affected negatively on the price movement. The price remains facing negative and dynamic pressures due to its trading below EMA50, reducing the chances of sustainable near-term recovery.
MoreSilver price recorded slight gains during its latest intraday trading; however, it still faces negative pressure due to trading below EMA50, which reinforces the stability and dominance of the short-term bearish trend.
MoreGold recorded a slight increase during its latest intraday trading, benefiting from being held above the support level at 54,500, which provided positive momentum as it attempts to recover. This performance comes amid a short-term minor bullish wave dominating the trend, following the price’s success in easing overbought conditions on the relative strength indicators, giving it more room to target new resistance levels in the near term.
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