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.

BTC and altcoins finally broke above their respective overhead resistance levels, but the actions of traders over the next few days will determine whether bulls are back in control.

Bitcoin and altcoins took an unexpected dip on Feb. 2, signaling that even with $40,000 in sight, the overall sentiment remains negative.