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Bitcoin price is attempting to recover its oversold condition- Analysis-10-10-2025 – Economies.com

Bitcoin price (BTCUSD) rose in its last intraday trading, taking advantage of the key support level at $121,00, gaining bullish momentum that helped it to achieve some gains, in attempt to recover some of its previous losses, as the price attempts to offload the clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals.
 
Despite this intraday improvement, the price remains affected negatively by breaking bullish trend line on the short-term basis besides the continuation of its trading below EMA50, indicating the weakness of the recovery likelihood and suggesting the beginning of forming new bearish wave on a near-term basis.
 
 
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Crude oil prices rose in their last trading on the intraday levels, attempting to recover some of its previous losses, amid the continuation of the negative pressure due to its trading below EMA50, indicating the weakness of the dominant positive momentum.
 
This performance accompanied by the emergence of negative signals from the relative strength indicators, besides the effect of the price exit from bullish corrective channel that limited its previous trading on the short-term basis, which reinforces a potential resume for the decline in the upcoming trading unless the price regains critical levels.
 
 
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The (Gold) price rose in its last trading on an intraday basis, after yesterday’s bearish wave, where it attempted to find higher low to take it as a base to rally higher again, leaning on $3,950 support that stopped its decline and provided new bullish momentum that helped it to achieve limited gains currently.
 
This rise was supported by the continuation of its trading above EMA50, reinforcing the stability of the main bullish trend on the short-term basis and its trading alongside supportive trendline, besides the emergence of positive overlapping signals on the relative strength indicators after reaching exaggerated oversold levels, which suggest forming positive divergence that might support the current recovery attempts.
 
 
 
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The (EURUSD) price rose in its last intraday trading, in order to recover some of its previous losses, affected by breaking the critical support at 1.1575, indicating the weakness of the current bullish momentum, this limited movement amid the continuation of the negative pressure.
 
The main bearish trend remains valid on the short-term basis, with the continuation of its trading alongside supportive trendline for this track, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might limit the recover chances currently.
 
 
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