Bitcoin (BTC/USD) traded sideways early in today’s Asian session as the pair appreciated to the 40194 level after trading as low as the 39563.04 level during the European session, with the intraday low representing a test of the 23.6% retracement of the appreciating range from 37191.99 to 40440.95. The pair had traded as high as the 40555.92 area during the European session as part of its sideways trading pattern.