Bitcoin’s price witnessed fluctuation in its last intraday trading, affected by the emergence of the negative signals of the relative strength indicators after reaching overbought levels, which pushed it to fluctuate, looking for bullish momentum to recover and rise again.
The price is leaning on EMA5’s support, which provides strong technical base that supports the dominance of the bullish corrective trend on the short-term trading, especially with its trading alongside supportive trend line for this trend, keeping the chances of the gains return valid if the price manages to face the current selling power.