Bitcoin (BTCUSD) slipped lower in its last intraday trading, to surpass the support of its EMA50, increasing the strength of the negative pressure on the price, amid the continuation of the bearish trend dominance on the short-term basis, and the trading alongside trend line that confirms the stability of this track, and limits the chances of near recovery.

Despite entering clear bearish level by the relative strength indicators, the consecutive negative signals suggest the continuation of the bearish momentum, which reinforces the likelihoods of extending the declines unless the price manages to return above the moving average quickly and regains some of its technical strength.

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