Bitcoin’s price is currently facing resistance at the $63,000 level, and buyers are attempting to defend it. The broader cryptocurrency market is also in a state of consolidation, with few notable movements among major altcoins. Bitcoin has experienced a slight decline in the past 24 hours, but it is still up 3.2% over the last week. The German government’s potential intent to sell a significant amount of BTC may have hindered Bitcoin’s ability to capitalize on the recent uptrend. Despite this, analysts remain optimistic, as July has historically been a positive month following June declines. Most altcoins are trading flat, with only a few outliers experiencing notable moves. The market’s stability raises questions about whether a further correction or an upside breakout is imminent.
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Bitcoin Bulls Try to Defend $63K as Major Altcoins Consolidate (Market Watch)
