The price of Bitcoin (BTCUSD) rose in its recent intraday trading, completing its sideways range trading within a tight range, attempting to detect its upcoming trend, amid the balance between the buying and selling strength on a short-term basis.

Despite the continuation of the negative pressure that comes from its trading below EMA50, the main trend remains bullish supported by the trading alongside a bias line on the short-term basis, providing continued technical support, noticing the beginning of forming positive overlapping signals on the (RSI), after the price success in offloading the overbought conditions, indicating the possibility of regaining positive momentum and entering a new bullish wave by the stability of the current support.