The price of Bitcoin (BTCUSD) rose in its recent intraday trading, after it succeeded in offloading its clear overbought condition on (RSI), providing wider space to achieve extra gains, these moves are supported by the return of the positive signals on the technical indicators, reinforcing the current bullish momentum.

The price takes advantage of its dynamic support that comes from its stability above its EAM50, besides its exit from minor bearish channels range that confined its move on the short-term basis, these factors reinforce the possibility of the rise continuation, unless strong resistance appears to decelerate this track.