Bitcoin price (BTCUSD) declined in its last trading on the intraday levels, amid the continuation of the bearish wave on a short-term basis, with the stability of the negative pressure that comes from its trading below EMA50, which might confine the chances of sustainable recovery on a near-term basis.

However, we notice the emergence of positive crossover on the relative strength indicators, providing temporary support and helps it to settle for short time before resuming its bearish track again.

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