BTC remains in a consolidation phase after failing to sustain moves above $64,000.
BTC 's price recovery could be limited into the weekend.
CEO Michael Saylor continues policy of buying the crypto asset at set intervals.
BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.
Long-term momentum is deteriorating as buyers continue to take profit on rallies.
Ether is outpacing bitcoin by more than it did in 2017.
The broader uptrend remains intact despite several months of consolidation.
However, if BTC breaks below $57,000, buyers will likely wait to enter around lower support at $56,000.
BTC buyers continue to take profits on recoveries.
BTC could face resistance near the all-time high on improving trend strength.
Bitcoin has retraced roughly 38% of the sell-off from May 3 as the short-term trend improves.
Bitcoin stabilized after a near 5% drop during Asia hours. Momentum is slowing, which could limit rallies.
The virtual currency is approaching its resistance level.
Bitcoin has fully recovered from a late Thursday decline and is approaching resistance around $56K-$58K.
The largest cryptocurrency is down about 10% for the month to date, with the momentum shifting to altcoins.