The price of Bitcoin (BTCUSD) declined in the last intraday trading, in attempt to find a new rising low to form a new bullish base that supports its recovery and the return of the positive momentum, this decline comes within the continuation of the negative signals on the (RSI), which indicates the weakness on the buying momentum.

Despite this pressure, the (RSI) indicates entering exaggerated oversold levels, which suggest the beginning of forming positive divergence, accompanied by the dominance of the main bullish trend on the short-term basis, and the price is trading alongside a bullish bias line, which provides a chance for regaining its balance on the near-term basis.