The price of Bitcoin (BTCUSD) declined in its last intraday trading, after its reached the main resistance level of $120,000, in attempt to gain positive momentum that might allow it to breach this key psychological barrier, amid the continuation of the main bullish trend on the short-term basis, and trading alongside a minor bias line that supports the positive track.

The technical image is reinforced by the price stability above EMA50, besides the positive signals that come from the (RSI), showing sharp oversold signals that might open the way for a new bullish wave, if the price surpassed the current resistance.

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