The price of Bitcoin (BTCUSD) slipped lower in its last intraday trading, reaching the critical support level at $112,000, providing bullish momentum and pushing it to settle on an intraday basis, in attempt to recover some of its previous losses, supported by the positive signals on the (RSI), after reaching oversold levels.

The technical overview remains preferring negativity, and the main bearish trend remains valid, and the selling pressures are dominant, the trading remains below EMA50, besides its move alongside a minor bias line that confirms the strength of the bearish track on short-term basis.

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