The price of (Bitcoin) declined in its recent intraday trading, affected by breaking a main bullish trend line on a short-term basis, as a technical signal for the weakness of the positive momentum, accompanied by the continuation of the negative pressure that comes from its trading below the EMA50, reinforcing the possibilities for the continuation of the decline.

On the other hand, the (RSI) began to show positive overlapping signals after reaching oversold levels, which might form temporary support for the price movement, and limit the extension of the losses in the near-term basis.