Bitcoin( BTC) recovered from a low of around$ earlier in the New York trading day. The cryptocurrency remains in a tight trading range, anchored at the$ price position over the once two weeks. 

 BTC was trading around$ at press time and is roughly flat over the once 24 hours, and down by 2 over the once week. 

 The relative strength indicator( RSI) on the diurnal map is rising from oversold situations, although it remains below the 50 neutral mark. A reading above 50 could indicate a brief recovery phase. 

 For now, there's strong resistance on the map, originally at$ and also at$, which could stall an upswing in price. Instigation will need to ameliorate on the daily and yearly maps in order to sustain a price rise. 

 Utmost pointers are neutral over the short term and bearish over the long- term, which means upside is limited from then.