Wed, 06 Aug 2025 15:35:03 GMT
Bitcoin Technical analysis
The daily chart for Bitcoin shows a strong and sustained uptrend that is currently undergoing a natural corrective pullback. After a powerful move from lows around 80,000 to a peak above 120,000, the price has entered this correction, a development that was anticipated as the Relative Strength Index had reached overbought territory.
Currently, the price is testing the 30-day moving