The price of Bitcoin (BTCUSD) extended its strong gains in its recent intraday trading, to succeed in surpassing the negative pressure of the EMA50, and attacks the minor bearish channel that limited its previous move on the short-term basis, showing a clear dominance for the buying strength and improvement in overall momentum.

The (RSI) began showing negative overlapping signals after entering overbought level, which suggests a potential temporary correctional rebound, that target offloading this condition and gathering the required positive momentum for the continuation of the rise, these declines might be a chance to reposition if the near technical support levels settle.