The cryptocurrency market is witnessing a shift in sentiment as Bitcoin's price decline continues, losing over 3% in value this week. Despite the drop, bulls are attempting to defend the short-term holder realized price (STH-RP) of $64,230, indicating a potential reversal. Meanwhile, alternative cryptocurrencies like TON, PEPE, KAS, and JASMY are gaining traction and may attract buyers if Bitcoin fails to break above $64,602.

Bitcoin's price analysis reveals a struggle to overcome the moving averages, which is essential to regain momentum. If successful, the price could rise to $70,000 and $72,000, where bears are expected to mount a strong defense. Conversely, a failure to break above the moving averages may lead to a deeper correction to $60,000.

TON, PEPE, KAS, and JASMY are showing promising signs on their charts. TON is attempting to break above the overhead resistance of $7.67, while PEPE is trying to overcome the downtrend line and moving averages. KAS is aiming to break above the downtrend line, and JASMY is seeking to overcome the 20-day EMA. If successful, these altcoins may attract buyers and experience a relief rally.

In conclusion, Bitcoin's price drop has led to a shift in focus towards alternative cryptocurrencies like TON, PEPE, KAS, and JASMY. These altcoins are showing potential signs of recovery and may attract buyers if Bitcoin fails to break above $64,602. However, it's essential to remember that the cryptocurrency market is highly volatile, and investors should conduct thorough research before making any investment decisions.