The (Bitcoin) price rose in its last intraday trading, supported by the emergence of positive signals on the (RSI) after reaching exaggerated oversold levels, providing bullish momentum that pushed the price to test the critical resistance at $106,550, this resistance represents a key point to detect the upcoming trend.

This rise comes with the price reach to the resistance of the EMA50, reinforcing the strength of this level as a critical level, especially with the continuation of the trading within a bearish correctional trend range on the short-term basis alongside a bias line, which pushes us to be cautious from surpassing these obstacles currently.