The price of Bitcoin (BTCUSD) recorded strong jump in the last intraday trading, to succeed in breaching the psychological and key resistance level at $110,000, indicating the strength of the dominant bullish momentum. This move is supported by its stability above EMA50, amid the stability of the main bullish trend on the short-term basis, and the trading alongside a bullish bias line.

This jump was preceded by a successful attempt to offload the clear overbought conditions on the (RSI), opening the way for the bullish trend, and achieving more of the gains if the positive signals continue to support it in the upcoming moves.