Bitcoin faced resistance at $117,500, with major altcoins struggling to break overhead levels. BTC maintains pressure near $117,500, showing bullish signs for a move towards $124,474. Analysts predict a new all-time high for BTC, potentially followed by a 70% drop in the next bear market. Can BTC break resistance and pull altcoins higher?

BTC pierced $117,500 but couldn’t sustain levels. 20-day EMA and RSI suggest an upward trend. Close above $117,500 could lead to rally to $124,474; break below EMA may drop BTC to $110,000. Ether forms a triangle pattern, with potential to rally above $5,586 if resistance line is crossed.

XRP faces resistance at $3.20, with potential drops to $2.73 if bears take control. Break below $2.69 could signal a bearish pattern. BNB surpasses $1,000, with key support at 20-day EMA. Solana faces resistance at $260, with potential rally to $295 if overhead hurdle is cleared. DOGE battles resistance at $0.29, with a potential uptrend to $0.44 if $0.31 level is surpassed.

Cardano struggles at resistance line, with support at 20-day EMA. Hyperliquid hits ATH of $59.41, facing resistance at $52.30. Chainlink up from 50-day SMA, aiming for $27 level. Avalanche breaks range, indicating uptrend with potential to rally towards $45. Buyers and sellers await key levels for next market moves.

Read more at CoinTelegraph: Bitcoin Price Capped At $117K, Will Altcoins Rally?