Bitcoin's (CRYPTO:BTC) price faces resistance at the $63,000 level after failing to sustain bullish momentum, currently trading around $62,600.

The market is experiencing consolidation, with Bitcoin showing a slight 0.3% decline in the past 24 hours despite a 3.2% gain over the week.

Analysts attribute Bitcoin's inability to capitalise on recent gains partly to the German government's potential sell-off of BTC.

Meanwhile, major altcoins like AVAX (CRYPTO:AVAX) and UNI (CRYPTO:UNI) are down, while TON (CRYPTO:TON) and ADA (CRYPTO:ADA) show modest gains.

Overall, the crypto market is stable with uncertainty whether it will continue upward or correct further in the near term.