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Forecast update for Bitcoin -08-07-2025

Economies.com
2025-07-08 11:56AM UTC
AI Summary
  • BTCUSD price is rising due to positive signals on the RSI and support from EMA50
  • The bullish correctional trend is dominating on a short-term basis
  • Bitcoin is expected to continue gaining in the near future.

The price of (BTCUSD) extended its gains in its intraday levels, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels, taking advantage of its lean on the support of its EMA50, which represents a dynamic support that keeps the stability of the positive situation on the intraday levels, amid the dominance of the bullish correctional trend on the short-term basis.

 

 

Forecast update for Brent crude oil -08-07-2025

Economies.com
2025-07-08 11:56AM UTC

The price of (Brent) fluctuated in its last intraday trading, due to the emergence of the negative signals on the (RSI), after reaching overbought levels to attempt to offload this condition, besides the continuation of the positive support due to its trading above EMA50, despite the fluctuation the price confirms breaching the current resistance at $68.70 by holding above it, providing strong positive signal for the price momentum to rise.

 

 

Forecast update for crude oil -08-07-2025

Economies.com
2025-07-08 11:23AM UTC

The price of (crude oil) rose slightly in its last intraday levels, amid fluctuating trading that assisted it to offload its overbought conditions on the (RSI), these conditions prevent the rise amid its stability above the key support level at $66.00, taking advantage of the dynamic support that is represented by its stability above EMA50.

 

 

Forecast update for Silver -08-07-2025

Economies.com
2025-07-08 11:23AM UTC

The price of (Silver) witnessed fluctuated trading in its last intraday levels, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor bias line on the short-term basis, which makes this positive scenario stable dynamically, on the other hand, we notice the emergence of negative overlapping signals after reaching overbought levels, which decelerate the upside track due to its neediness to offload some of these overbought conditions.