
Bitcoin is facing solid resistance at $117,500, but the possibility of a rally to $124,474 remains high as long as the price remains above the moving averages.
Key points:
Bitcoin is facing significant resistance at $117,500, but the bulls remain on top as long as the price stays above $113,400.
Several altcoins are showing signs of profit booking in the near term, but lower levels are likely to attract buyers.
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