Bitcoin has been trading around the $69,000 mark, showing a battle between buyers and sellers. Since being near the 2021 cycle high for about four weeks, Bitcoin tends to consolidate for 4-8 weeks before a price movement.

Glassnode's on-chain analyst pointed out that during the previous bull cycle, Bitcoin experienced significant corrections, which have been milder during the current bull market. This could be due to the high interest in Bitcoin exchange-traded funds.

The charts of the top 10 cryptocurrencies reveal their individual price movements. Bitcoin is in a symmetrical triangle pattern, while Ether has been trading below the 50-day SMA. BNB formed a symmetrical triangle pattern, and Solana dropped below the 20-day EMA. XRP fell below the uptrend line, and ADA struggles to defend the $0.57 level. AVAX slipped below the 50-day SMA, TON bounced off the 20-day EMA, and SHIB is attempting to rise above the 20-day EMA.

Investors must be cautious as every investment decision carries risks, and individuals should perform their research before investing.