Bitcoin (BTCUSD) rose in its last intraday trading, supported by the emergence of the positive signals on the relative strength indicators, after offloading its overbought conditions gradually, taking advantage of its previous breach to minor bearish trend line on the short-term basis, which provided extra technical push that supports the continuation of its positive trading.

The price attempts to surpass the negative pressure that comes from its stability below EMA50, paving the way for a clear recovery on the near-term basis, if it manages to settle above this level and continues gaining bullish momentum to support the short-term bullish trend.