Bitcoin continues to encounter resistance near $60,000, but this hasn’t stopped altcoins from advancing on their previous all-time highs.

Bitcoin and most major altcoins rebounded off their strong support levels, but the real challenge for the bulls is to sustain the momentum and clear the $60,000 resistance level.

Bitcoin and most major altcoins are on the verge of starting a deeper correction, which will signal that a short-term top may be in place.

Bitcoin and most major altcoins have turned down from their respective overhead resistance levels, indicating that the short-term sentiment has turned negative.

Bitcoin and most major altcoins are attempting a recovery, but higher levels are still likely to attract strong selling.