The price of Bitcoin (BTCUSD) soars high strongly in the last intraday trading, recording new historical level, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, the price keeps getting positive support by its stability above EMA50, reinforcing the continuous bullish momentum.

Despite reaching clear overbought levels by the (RSI), it remains sending positive signals, indicating the strength of the current bullish strength. This activation between the strong momentum and the technical indicators supports the possibilities for the continuation of the rise, with potential technical corrections later due to the overbought conditions.