The price of Bitcoin (BTCUSD) rose slightly in its recent intraday trading, affected by a negative technical formation on the short-term basis that weakens the chances for the continuation of the recovery (rising wedge pattern), especially as it remains under the pressure of its trading below the EMA50, which forms a dynamic resistance against the rising attempts,

Noticing the continuation of the negative signals on the (RSI), after reaching overbought levels previously, reinforcing the possibilities for the return of the decline if the price couldnt gather a real positive momentum that pushes it to breach the near resistance levels.