The (Bitcoin) price declined in its last intraday trading, affected by the negative pressure caused by its stability below its EMA50, which formed a dynamic resistance barrier that limited its previous gains and pushed it to rebound lower, accompanied by breaking a main bullish trend line on the short-term basis, as a clear signal for the weakness of the positive momentum.

The negative pressure increased with breaking the key support at $106,550, opening the way towards more of the declines, especially with the emergence of the negative signals on the (RSI), which confirms the dominance of the selling momentum in the current trading.