The price of Bitcoin (BTCUSD) declined in its recent intraday trading, affected by the negative pressure that comes from its trading below its EMA50, which reflects weakness in the bullish momentum on the short-term basis.
Despite this decline, the price remains moving with the main bullish trend alongside a bias line, indicates the possibility to keep its overall bullish momentum, especially with the continuation of its attempts to look for a higher low to be a new rising point, reinforced by the optimistic signs that come from the (RSI), with the emergence of the positive signals from there, supporting a near rebound and resuming the bullish track.
