The price of Bitcoin (BTCUSD) expanded its cautious gains in its last intraday trading, in attempt to recover some of its previous losses to test the critical resistance level at $114,500, and the bearish correctional trend remains the dominant on the short-term basis, with the continuation of its trading alongside a bias line that indicates the selling pressures, and the negative pressure that comes from the stability of the price below its EMA50 remains valid, which reinforces the weakness of the current positive move.

The (RSI) indicators show clear bearish signals after reaching exaggerated overbought levels compared to the price move, with the beginning of forming negative overlapping signa that might support forming a bearish divergence, which might increase the possibility of facing new pressure wave that pushes it to return to the negative track.

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