Bitcoin (BTCUSD) price moved higher slightly in its last intraday trading, taking advantage of its stability above the critical support at $107,400, which provided bullish push that has reinforced by the emergence of the positive signals on the relative strength indicators, after reaching exaggerated oversold level, this mild improvement indicates the price attempt to offload the selling pressures and regaining some of its previous losses.
Despite this limited rebound, bitcoin price remains affected by the negative pressure that comes from its stability below EMA50, confirming the continuation of the dominant bearish trend on the short-term basis, and its trading alongside supportive trendline for this track.
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