The price of Bitcoin (BTCUSD) declined in its last intraday trading, amid the dominance of the bearish correctional trend on the short-term basis and its trading alongside supportive bias line for this trend, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the (RSI), after reaching overbought levels.

Despite the negative pressure, the price moves within minor bullish waves range steady and strongly, with its stability above $114,500 resistance, therefore, the last decline was an attempt to collect profits and offload the overbought conditions on the (RSI), to gain bullish momentum that might help it to recover and rise again.

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