The price of Bitcoin (BTCUSD) declined in its last intraday trading, after it failed to breach the critical resistance level at 115,600, which proofed its strength again to prevent the rising attempts, accompanied by the price reach to EMA50, which increased the negative momentum and pushed the price to decline.

This comes amid the continuation of the bearish correctional trend dominance on the short-term basis, where the price is moving alongside a bearish bias line that reinforces this trend, the absence of clear technical signals on the (RSI) keeps the selling pressure is the dominant on the price in the near-term basis.

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