The price of Bitcoin (BTCUSD) slipped down in its last intraday trading, affected by the stability of the critical resistance at $109,000, which put it under intensified negative influence, besides the trading alongside main bearish trend on the short-term basis, besides the continuation of its trading below EMA50, reinforcing the dominant negativity.

This decline came after offloading the previous oversold condition on the (RSI), opening the way for more downside moves unless the price finds strong support to stop the bleeding and retests resistance levels again.

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