Bitcoin struggles above $70K, bears may push it below $60K; major altcoins show mixed recovery signs.

Bitcoin briefly rose above $70,000 but failed to sustain gains, with analysts predicting a possible drop below $60,000 support. Selling pressure from long-term holders remains significant, although social sentiment hints at a potential positive reversal soon. Major altcoins like Ether, BNB, and XRP have bounced off key support levels, showing some demand at lower prices, but face resistance ahead. Market watchers expect continued volatility with critical price levels to watch for potential trend changes.