Bitcoin price (BTCUSD) declined in its last intraday trading, affected by the stability of the critical resistance at $125,000, to enter natural profit-taking phase after the previous strong rises, in attempt to gain the required positive momentum to recover and breach this resistance later.
This decline came while the price is attempting to offload some of its clear overbought condition of the relative strength indicators, especially with the continuation of the main bullish trend dominance on a short-term basis and its trading alongside sharp trendline, that indicates the strength of the dominant positive momentum on the price despite this temporary correction.
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