The price of Bitcoin (BTCUSD) declined in its last intraday trading, reducing a lot of its early gains, while it remains stable above EMA50, providing dynamic support that reinforces the continuation of the positive track.

The bullish correctional trend remains the dominant on the short-term basis, with its trading alongside supportive bias line for this scenario, and the relative strength indicators began showing positive signs after reaching exaggerated oversold levels, which supports the recovery and regaining the bullish momentum in the upcoming period.

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