Bitcoin price (BTCUSD) is holding onto strong gains during its recent intraday trading, despite encountering resistance at the 50-period simple moving average, which has temporarily halted the recent bullish movement. This performance is supported by emerging positive signals from the relative strength indicators, after the price managed to ease its overbought condition, giving it more room to attempt resuming gains in the short term.

However, the price still faces a technical obstacle represented by a short-term descending corrective trendline, which may limit further upside movements in the coming period.