Bitcoin consolidated recent gains in the face of blanket skepticism over its rebound, while gold threatened to give up $5,000 support.

Bitcoin bulls failed to break through major resistance at six-week highs as open interest trends triggered warnings of a BTC price reversal.

Bitcoin achieved new six-week highs at the week's first Wall Street open, but analysis stayed risk-off, arguing that the long-term BTC price downtrend was still in place.

Bitcoin traders demanded further support reclaims to avoid a return to fresh macro lows next, as BTC price hit six-week highs.

Bitcoin edged toward an important weekly close above $70,000 that would reclaim an important 200-week trend line.