The price of Bitcoin (BTCUSD) declined in its last intraday trading with fluctuated moves, in attempts to gain new bullish momentum to support the rise again, this comes with its attempts to offload some of the clear overbought conditions on the (RSI), especially with the emergence of negative signals from there.

Despite this pressure, the price takes advantage of breaching bearish trend lune on the short-term basis, besides the dynamic support that comes from its stability above EMA50, providing renewed momentum that might help it to reinforce the recovery chances on the near-term basis.

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