Bitcoin Stabilizes Near $72K as Market Recovery Remains Uneven

Bitcoin's price has been hovering around $72,000, indicating a stabilization of the market after a sharp decline earlier this month. The recent move towards the upper end of its consolidation range suggests that buyers are regaining control.

The Relative Strength Index (RSI) has rebounded to around 59, signaling improving bullish momentum without entering overbought territory. This positioning indicates that buyers are gaining strength but not enough to confirm a sustained breakout.

Across the wider market, some major assets like Ethereum and BNB posted modest increases, while several altcoins remained flat. However, the lack of strong follow-through across altcoins suggests that capital is still rotating cautiously, with Bitcoin remaining the primary driver of market direction.