The cryptocurrency is down 3% in the last 24 hours.
BTC is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.
Analysts expect traders to take a breather after the crypto's recent rally.
Bitcoin's uptrend is improving despite brief pullbacks.
Bitcoin pulled back as traders digest regulatory developments in the U.S.
Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value.
Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.
Data aggregators have listed more than 2,000 new crypto assets in the first half of 2021.
Buyers could remain active on pullbacks this week as bitcoin cleared important technical levels.
The token remains below the 2 1/2-month high of $3,188 reached over the weekend.
Until recently, the manipulable “market cap” was nearly all investors had to go on when measuring the relative value of digital assets. More sophisticated yardsticks are emerging.
Some analysts are optimistic about the broad crypto rally and see further upside, especially for ether.
El texto, presentado por el senador oficialista Juan Sartori, incluye un marco regulatorio para los exchanges de criptomonedas y los mineros.
Strong overhead resistance could limit price rallies into next week.
The retailer will accept 15 cryptocurrencies for both online and in-store purchases.