The price of Bitcoin (BTCUSD) has made up some of its early losses in its recent intraday trading, amid its ongoing attempts to gain positive momentum that may help it recover and rise again, under the influence of the main upward trend in the short term and trading alongside the trend line.

The price is supported by its continuous trading above its 50-period simple moving average, with positive signals coming from the relative strength indicators after reaching extremely oversold areas.