Bitcoin is attempting to offload its oversold conditions-Analysis-04-11-2025

Bitcoin is attempting to offload its oversold conditions-Analysis-04-11-2025


Bitcoin (BTCUSD) rose slightly in its last intraday trading, in an attempt to recover some of its previous losses, accompanied by offloading the oversold condition that appeared clearly on the relative strength indicators, which began sending positive signals that reinforce the likelihoods of extending the limited recovery.

 

 

Despite this rise, bitcoin remains under clear negative pressure due to its trading below EMA50, with the continuation of the bearish trend dominant on the short-term basis and its trading alongside bearish bias line, which makes the current rise represents a limited corrective attempt unless we witness strong technical breach to change the overall track.

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