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GBPJPY Breaks Resistance – Forecast for March 5, 2025

The GBPJPY currency pair experienced a strong bullish rally on Tuesday, breaking through the bearish channel's resistance at 190.55. This breakout led to significant...
HomeCryptoBitcoin Price (BTCUSD) Attempts Recovery – Forecast for March 5, 2025

Bitcoin Price (BTCUSD) Attempts Recovery – Forecast for March 5, 2025

Bitcoin (BTCUSD) closed yesterday above the $87,055.00 level, creating a positive factor that could lead to further gains in the near future. However, the price faces a significant resistance from the 50-period Exponential Moving Average (EMA50), which acts as a strong negative barrier.

Additionally, stochastic indicators show a clear loss of positive momentum, suggesting potential challenges for continued upward movement.

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