Bitcoin (BTCUSD) rose during its recent intraday trading sessions, attempting to breach the key resistance level at $64,000. A successful breakout would signal the cryptocurrencys intention to continue its short-term corrective upward move.

This performance comes after Bitcoin managed to ease its overbought conditions on the relative strength indicators, providing additional room for further gains. The price also continues to receive dynamic support from trading above the 50-period simple moving average, while remaining under the influence of a short-term bullish corrective wave.