The price of Bitcoin (BTCUSD) recorded a rise in its last intraday trading, supported by the continuation of its trading above EMA50, providing dynamic support for the price, this rise comes amid the dominance of the main bullish trend on the short-term basis, with the stability of the price alongside a bullish bias line.

At the same time, the positive signals from (RSI) reinforce the possibilities for the recovery continuation, especially after the (RSI) reach to oversold levels, indicating a gradual regain for the bullish momentum and opens the way for more upside moves in the upcoming trading.