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Bitcoin (BTCUSD) yields to bearish pressure - Analysis-02-04-2026
Bitcoin (BTCUSD) declined during its recent intraday trading, affected by negative signals from the relative strength indicators, after previously reaching high overbought levels. This drop also came as the price encountered resistance at a short-term bearish corrective trendline, which increased selling pressure on its movement.
The price continues to face clear negative pressure as it trades below EMA50, which raises the likelihood of further decline in the near term.
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