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Forecast update for Bitcoin -07-07-2025

Economies.com
2025-07-07 11:51AM UTC
AI Summary
  • BTCUSD price declined due to negative signals on RSI after reaching oversold levels
  • Bullish trend expected to continue on short-term basis with potential for recovery and rise
  • Dynamic support from trading above EMA50 may help Bitcoin settle positively

The price of (BTCUSD) declined in its intraday levels, amid the emergence of the negative signals on the (RSI), after reaching oversold levels, attempting to offload these conditions to gain positive momentum that might assist it to recover and rise again, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, taking advantage of the dynamic support that is represented by its trading above EMA50, assisting it to settle positively.

Forecast update for Brent crude oil -07-07-2025

Economies.com
2025-07-07 11:44AM UTC

The price of (Brent) rose in its last intraday trading, due to the effect of its lean on the support of its EMA50, providing positive momentum that assisted it to recover its early losses for today, getting ready to attack the key resistance level at $68.70, supported by the emergence of the positive signals of the (RSI), after reaching oversold levels, to form a positive divergence that intensify the stability of the bullish track.

Forecast update for crude oil -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (crude oil) managed to recover quickly from the losses that happened in the opening of its morning trading, after its lean on the support of its EMA50, providing positive momentum that assisted it to rebound to clear all the early losses, to settle above the resistance level of $66.00 again, with the beginning of the positive signals emergence on the (RSI), after reaching oversold levels.

 

 

 

Forecast update for Silver -07-07-2025

Economies.com
2025-07-07 11:25AM UTC

The price of (Silver) declined in its last intraday trading, amid the emergence of the negative signals on the (RSI), attempting to gain a positive momentum that might assist it to recover and rise again, to lean on the support of EMA50, providing some of this positive momentum that assisted it to stop the morning losses, amid the dominance of the main bullish trend and its trading alongside a minor bias line on the sort-term basis.