Bitcoin's recovery is expected to face selling near $69,000, but if the bulls prevail, a rally to $74,508 is possible. Most major altcoins remain below their resistance levels, indicating that the bears continue to exert pressure. Bitcoin (BTC) rose above $68,000 but the bulls are expected to struggle to sustain the higher levels. Analysts predict a drop of six consecutive months for the first time since the 2018 bear market. The S&P 500 Index (SPX) turned down from the 20-day exponential moving average (6,620), indicating that bears remain in command. The US Dollar Index (DXY) bounced off the 20 day EMA (99.40), indicating a positive sentiment. If the price turns down sharply, the bears will again attempt to sink the index below the 6,147 level, which may be the next stop.