Bitcoin's price is currently struggling to maintain its position above $63K, trading around $62,600, marking a 0.3% decline in the past 24 hours. This comes after the German government moved close to $100 million worth of BTC to exchanges, potentially signaling an intent to sell. However, market analysts remain optimistic, expecting a positive trend in July following historical patterns after June declines.

Meanwhile, most large-cap altcoins are also in a consolidation phase, with only a few charting significant moves. AVAX and UNI are down by 5.6% and 3.05% respectively, while TON and ADA have seen increases of 4% and 2.6%. The market is currently experiencing a period of relative stability, and it remains to be seen whether the recent uptick in prices will lead to a further upward trend or if a correction is imminent.