The (Bitcoin) price settled on a slight rise in its last intraday trading, trading within a tight sideways range, which reflects markets indecision, where it faces continuous pressure from the EMA50, which forms a strong barrier against the previous recovery attempts.

This comes amid the dominance of a bearish correctional wave on the short-term basis, with its trading alongside a bearish bias line, while the (RSI) keeps providing negative signals, reinforcing the possibility of the continuation of the pressure on the price unless they breach the near resistance levels.