Bitcoin and Altcoin Price Analysis: Potential Drops and Breakouts

Bitcoin and altcoin prices are facing a crucial moment as the market experiences a cool-off phase, healthy funding rates, and overleveraged short positions waiting to be liquidated. Bitcoin price has formed a $5,000 range, with the potential to drop into the liquidity pool between $60,600 and $59,005. Ethereum price could rally 25% pending confirmation of a falling wedge pattern, while Ripple price struggles under bearish pressure defending the $0.5000 support. Stay tuned for more updates on the cryptocurrency market.