Last weekend, Bitcoin's price skyrocketed above $72,000, showcasing a pre-halving rally. However, the bears took control, pushing the price back within the symmetrical triangle pattern, suggesting that the BTC price may stay within this range until the halving.

The BTC price has re-entered the critical zone, indicating a higher chance of testing the lower support.

Nevertheless, the volume remains average, hinting at a potential bullish rebound after the pullback.

The technicals, however, remain bearish, with th can'te RSI forming lower highs and lows, and the DMI being indecisive. Therefore, the upward pressure may persist, but it could be short-lived due to excessive buying volume.

Altcoins Gaining Momentum Against Bitcoin

In contrast to Bitcoin's sluggish trend, many altcoins have been displaying significant strength. Two new tokens, Nervous Network (CKB) and Bittensor (TAO), have entered the top gainers list today.

CKB's price has surged by over 13% to reach above $0.035, while TAO's price has jumped by over 8% to reach $632. Both tokens have been on a steep upward trend since the beginning, and a steady uptrend is expected to continue.

Overall, the crypto market is experiencing a mix of volatility and varying market sentiments, with altcoins showing immense potential against Bitcoin.