BTC price is faltering right at the 61.8% Fibonacci Retracement level, triggering a slight pullback in altcoins and sapping the momentum out of this week’s initial breakout to $45,000.

BTC price continues to consolidate, a process that gives altcoin traders the opportunity to range trade and secure short-term gains.

Bitcoin and select altcoins are stuck in a tight range, indicating the possibility of a sharp move within the next few days.

BTC price is expected to consolidate in the current $44,000 zone, allowing altcoins to climb higher before Bitcoin makes a more decisive move.

Bitcoin and several altcoins are close to strong resistance levels, which may result in a minor pullback in the short term.