The price of Bitcoin (BTCUSD) declined in its recent intraday trading, attempting to gain the required bullish momentum that might support it to regain its bullish track and recover its last decline, affected by the exit from the bearish correctional channels range that limited its previous moves on the short-term basis, providing some flexibility for the bullish trading.

The price keeps getting support from its stability above EMA50, accompanied by the emergence of positive overlapping signals on the (RSI), after reaching oversold levels, to suggest forming a positive divergence that might be the starting point for upcoming bullish moves.