The price of Bitcoin (BTCUSD) declined in its last intraday trading, affected by the continuation of the negative pressure that comes from its stability below EMA50, besides the negative signals from the (RSI), indicating the weakness of the current bullish momentum.

Despite this decline, the price remains stable above the critical support at $116,500, to keep the main bullish trend on the short-term basis, especially with the continuation of its trading alongside a supportive bias line, providing a chance for a rebound if there are new bullish signals.