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Key points:
– Bitcoin faces resistance at $117,500, with bears likely hesitant to retreat.
– Major altcoins struggle to break resistance levels, hinting at bearish sentiment in the market. 🐻
Bitcoin (BTC) encounters resistance near $117,500, but bullish pressure persists, hinting at a potential move towards the all-time high of $124,474. Analysts anticipate a new peak for BTC, with a possible rapid rally followed by a significant drop in the next bear market. 📈
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