The price of Bitcoin (BTCUSD) continued its strong rise its recent intraday trading, breaching consecutive resistance levels within a sharp buying wave, supported by its stability above its EMA50, and its continuation to move within bullish track alongside a minor bias line on the short-term basis.

This rise comes with the emergence of the positive signals on the (RSI), despite reaching overbought levels, which indicates the continuation of the bullish momentum and the strength of the demand in the markets.