Bitcoin price (BTCUSD) settles in a decline during its latest intraday trading after rebounding downward following the firmness of the resistance level at 71,500, which had represented a price target in our previous analyses. This decline comes while the price is currently relying on the support of EMA50, which may provide a technical base that helps it regain recovery during the coming period.

At the same time, the price has succeeded in easing the overbought conditions on the relative Strength Index indicators, giving it more room to attempt targeting new resistance levels. This comes while the short-term corrective upward trend continues to dominate, with the price moving alongside a supportive trendline for this path.