Bitcoin and other alternative cryptocurrencies encounter temporary downward pressure from bears.

Bitcoin (BTC) and altcoins in the cryptocurrency realm are currently facing a temporary downturn. The pullback phase that followed the halving event appears to be coming to an end. Conversely, a prolonged period of consolidation could potentially commence during the summer months. This circumstance typically suggests a decline in the altcoin market. Although certain sectors such as meme coins may exhibit opposing movements, the overall direction observed last month was downward.