Forecast update for Bitcoin -15-08-2025
AI Summary
- Bitcoin's price rose with support from EMA50 and positive signals from RSI, but remains affected by breaking a minor bullish trend line.
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The price of (BTCUSD) rose in its last intraday levels, taking advantage of the support of its EMA50, attempting to recover some of its losses yesterday, to offload some of its clear oversold levels on the (RSI), especially with the emergence of the positive signals from there, but the price remains affected by breaking a minor bullish trend line on the short-term basis, taking into consideration the continuation of the negative scenario and its rebound at any moment.
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Forecast update for Brent crude oil -15-08-2025
The price of (Brent) declined in its last intraday trading, as it reached the resistance of its aema50, surrendering to the negative pressure and announcing the stability of the critical resistance at $66.00, intensifying the negative pressure on the price, especially with forming negative divergence on the (RSI), after reaching overbought levels, with the emergence of the negative signals from there.
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Forecast update for crude oil -15-08-2025
The price of (crude oil) declined in its last intraday trading, forming negative divergence on the (RSI), after reaching overbought levels, with the emergence of the negative signals, amid the continuation of the negative pressure that comes from its trading below EMA50, and under the dominance of the bearish trend on the short-term basis, reinforcing the bearish scenario.
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Forecast update for Silver -15-08-2025
The price of (Silver) declined in its last intraday trading, ending the opportunities for the recovery, confirming breaking a minor bullish trend line on the short-term basis, amid its affection by the negative pressure of its trading below EMA50, the emergence of the positive signals on the (RSI) reinforces the dominance of the negative scenario, after reaching oversold levels, to attempt to offload some of the oversold conditions.
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