Initial support around $48K could stabilize the pullback.
Buyers will likely remain active on pullbacks into the weekend.
Support at $42K-$44K could stabilize the pullback.
BTC is trading around the 200-day moving average and will need to break out of a short-term range to resume the uptrend.
Bitcoin's uptrend is improving despite brief pullbacks.
Resistance near $50,000 to $55,000 could stall the recovery given short-term overbought signals.
Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.
Strong overhead resistance could limit price rallies into next week.