Bitcoin is currently facing resistance at $72K, preventing further price advancement. Despite this, the asset's market is showing signs of short-term bullish divergence. This occurs alongside a pullback, which traders are closely monitoring.
In addition to Bitcoin, Ethereum and other altcoins are exhibiting similar market patterns, with critical support levels being tested. This suggests a potential bullish scenario developing, although current trading prices remain slightly above $68K for Bitcoin.
Traders and analysts remain attentive to these developments, as the charts indicate both resistance and potential for bullish movement across the cryptocurrency market.
