Bitcoin (BTCUSD) declined slightly in its last intraday trading after testing the EMA50 resistance, showing temporary negative pressure. However, the price tries to gain enough bullish momentum to surpass this barrier, supported by trading above key technical levels.
Breaking the minor bearish trend line strengthens recovery prospects, while positive signals on relative strength indicators highlight a gradual improvement in momentum. Maintaining this technical support may help Bitcoin build a solid base to resume its bullish attempts soon.