The price of Bitcoin declined in its recent intraday trading, resuming its negative moves, amid the dominance of the sellers on the markets, with the weakness of the overbought conditions, which limits the chances of strong rebound in the near period.

Accompanied by the emergence of the negative signals from the relative strength indicators, indicating the decline of the bullish momentum, as the price keeps trading below EMA50, which represents a dynamic resistance that reinforces the strength and stability of the main bearish trend on the short-term basis, especially with the price move alongside bearish trend line that supports this path.