The price of Bitcoin declined in its recent intraday trading, preparing to break the key support at $58,000, which was expected target in our previous analysis, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis, after offloading the oversold conditions on the relative strength indicators, and reaching overbought levels compared to the price move, as a clear signal for fading the bullish momentum.