The price of Bitcoin (BTCUSD) rose during its recent intraday trading, successfully breaching the current resistance level at $84,500. This movement is influenced by the previously formed in the double bottom pattern in the short- term basis, accompanied by the initial emergence of positive signals in the Relative Strength Index (RSI), after it had reached extremely oversold levels—exaggerated relative to price movement. Additionally, Bitcoin has been consistently trading above EMA50, which makes it gain growing positive momentum.
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