Bitcoin Plummets Amid Bearish Trend; Crude Oil Seeks Breakout

Bitcoin's (BTCUSD) price continued to decline in its latest intraday trading, as a short-term corrective bearish trend remains dominant. The price is moving along a trend line that supports this path and is also facing negative pressure from trading below the EMA50 level.

The relative strength indicators are showing negative signals, despite reaching deeply oversold levels, which suggests that further losses in the near term are possible.

In contrast to Bitcoin's decline, crude oil prices are attempting to gain positive momentum and break through the pivotal $101.00 resistance level.