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The world’s most valuable currency begins the day on a flat note near $40,000 and then moves into a fairly narrow range.
Meanwhile, bulls are finding it difficult to break through resistance over $43,000, as bears are pushing the price lower to retest support.
While Bitcoin maintained a tight trading range this year, it outperformed several major technology equities.
However, a disparity in their YTD performance could signal that decoupling is possible in the future.
Alphabet, Microsoft, and Amazon, on the other hand, are down between 13 and 17 percent.
Tesla, which has BTC on its balance sheet, has lost approximately 16 percent so far this year.