Bitcoin rally stalls near $70K as altcoins face resistance

Bitcoin continues to meet selling pressure on minor rallies and has formed a symmetrical triangle that could act as a continuation pattern. Bears have tried to push the price below $66,000, but some analysts believe the downside may be limited; Willy Woo said selling may have exhausted and expects a period of consolidation with rebounds likely rejected in the mid $70,000 area, forecasting the bearish trend to end in Q4 and bullish momentum to start in Q1 or Q2 2027.

BTC exchange-traded funds have also attracted flows, recording $1.01 billion in inflows since Tuesday. Ether looks set to remain sideways for a while after buyers failed to hold gains above the $2,111 resistance. The ETH/USDT pair may stay in the $1,750 to $2,111 range until it closes above $2,111 or below $1,750; a break below $1,750 could target $1,537, while a close above $2,111 might push toward the 50-day SMA at $2,494.

Pav Hundal expects ETH to remain “subdued over the next few weeks” and to test even the most experienced investors in the medium term.

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