The price of Bitcoin (BTCUSD) witnessed strong rise in its last intraday trading, supported by the dominance of the bullish correctional trend on a short-term basis, with the continuation of its move alongside supportive bias line, taking advantage of its stability above EMA50, which provides dynamic support that reinforces the stability of the positive track.

On the other hand, the (RSI) indicators began showing weakness signal after reaching sever overbought levels, with the beginning of forming negative overlapping signals, to indicate losing the bullish momentum gradually, which might limit the strength of the last gains.

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