Bitcoin (BTC/USD) experienced a negative bias during the early Asian session, as the cryptocurrency failed to maintain a short-lived break above the 50% retracement level of its recent appreciating range. The digital asset had traded as high as $27,739.94, but reversed course, unable to sustain gains above the 50% retracement mark of the range from $27,160.47 to $28,288.88. This indicates a potential struggle for Bitcoin to maintain its upward momentum in the short term, as the market continues to react to various factors influencing the cryptocurrency's value.