Bitcoin price (BTCUSD) settled, keeping its last gains within its intraday trading, after reaching our previous target at $106,000 level, and the price is attempting to gain more of the positive momentum that allows it to breach tis resistance, accompanied by its attempt to offload its overbought conditions on the (RSI), that began to show some initial negative signals.
This movement comes within the dominant bullish trend on the short-term basis, supported by the continuation of the trading above its EMA50, besides its trading alongside a bullish bias line, which reinforces the possibilities for continuing the rise, in case breaching the current resistance successfully.
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