Bitcoin (BTCUSD) declined in its last intraday trading, settling below the key psychological support at $100,000, reinforcing the negative pressure on the price movement, especially with the emergence of the negative signals on the relative strength indicators, indicating the continuation of the buying momentum weakness.

This decline accompanied by pressure of the price trading below EMA50, reducing the possibilities of quick recovery on a near-term basis, reinforcing the dominance of the bearish trend on a short-term basis, and any rebound attempts will be prone to failure unless the price returns the lost support level.