Bitcoin (BTCUSD) price witnessed fluctuated trading on its last intraday levels, supported by its stability above EMA50, providing some bullish momentum and pushed it to test the resistance of the main bearish trendline on the short-term basis, the current price action indicates a phase of indecision between buyers and sellers to detect the upcoming trend, amid the attempts of breaching the key resistance of bouncing from there.

On the other hand, we notice the emergence of the negative signals on the relative strength indicators after reaching exaggerated overbought levels compared to the price move, indicating the possibility of increasing the selling pressures on the near-term basis and entering temporary bearish corrective wave before detecting the next trend.

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