The price of Bitcoin (BTCUSD) declined in its recent intraday trading, in attempt to look for a higher low to form support base that assist it to regain its bullish momentum and rise again, this decline comes amid the dominance of the main bullish trend on the short-term basis, where the price moves alongside a bias line supported by its stability above EMA50..

At the same time, the (RSI) reaches exaggerated oversold levels, which indicates the beginning of forming positive divergence that reinforces the possibilities of bouncing higher in the upcoming trading, conditioned by holding above near support levels.