Bitcoins price declined during its last intraday trading, amid the dominance of the main bearish trend on short-term basis, with its trading alongside supportive trend line for this path, indicating the continuation of the dominant selling pressures, which increases with the trading below EMA50, which turned into dynamic resistance that limits any near recovery attempts.

Noticing the emergence of negative signals from relative strength indicators, after offloading their oversold conditions, opening the way for recording more losses on near-term basis, preferring the continuation of the negative performance unless clear reversal technical signals appear.

Therefore, our expectations suggest a decline in BTCUSD in its upcoming intraday trading, if it settles below $80,000, to target $74,000 support.

Expected trading range is bewteen$74,000 support and $80,000 resistance.

Todays forecast: Bearish