Bitcoin is witnessing a strong battle between the bulls and the bears with the sellers currently holding a slight edge.

Bitcoin’s price action remains lackluster, but select altcoins are showing signs of breaking out of their respective resistance levels.

Several Bitcoin price indicators suggest that BTC’s narrow trading range could end soon, resulting in a volatile price move in BTC and altcoins.

Bitcoin's failure to rebound off strong support levels increases the risk of a deeper correction that could also negatively impact altcoins.

Bitcoin and several altcoins are taking a breather after the sharp rally of the past two days, but the general trend remains bullish.

Bitcoin continues to face strong resistance at $31,000, but supportive macroeconomic factors could tilt the advantage in favor of the bulls.