Bitcoin (BTC) pulled back after buyers took some profits near the $44,000-$45,000 resistance zone.
The cryptocurrency remains in a short-term downtrend, although support around $40,000 could stabilize the pullback.
BTC is down about 2% over the past 24 hours and is roughly flat over the past week. A decisive break above $45,000 is needed to reverse the short-term downtrend, but slowing momentum suggests price weakness could persist into the Asia trading day.
The relative strength index (RSI) on the four-hour chart declined near overbought levels, similar to what occurred in late December, which preceded a pullback in price. Buyers will likely remain on the sidelines until oversold conditions materialize, most likely over the next few days.
DOJ opposes news media request to unseal Trump search affidavit The Justice Department on Monday responded in a legal filing to news media groups asking a a judge to unseal the Trump search affidavit in the public interest.