The price of Bitcoin (BTCUSD) settled high in its last intraday trading, attempting to breach the strong resistance at $120,000, supported by its stability above EMA50, reinforcing the bullish momentum currently, this comes amid the continuation of the main bullish trend on the short-term basis, and the trading alongside a supportive bias line.

On the other hand, we notice the emergence of the positive signals on the (RSI), despite reaching overbought levels that might indicate the possibility of the momentum weakness, if the rise continues without a correction, this condition might lead to sideways range moves or a temporary decline unless confirming breaching the current resistance level.