The price of Bitcoin (BTCUSD) rose in its recent intraday trading, taking advantage of its stability above EMA50, which represents a dynamic support that reinforces the possibilities of the bullish track continuation, besides the move besides a bullish trend line on the short-term basis, indicating the dominance of the buying powers on the trading until now.

On the other hand, there are negative signs begin to appear on the (RSI), with the formation of negative overlapping signals and reaching exaggerated overbought levels, indicating the buying exhaustion, which might confine the upcoming gains or lead to some temporary downside moves, to offload this condition and gathering the required momentum to continue the rise later.