Bitcoin price near $110,000 faces resistance, but analysts predict potential rally; altcoins may follow

Bitcoin’s price nears $108,000 after failing to close above $110,000, attracting profit-booking by short-term traders. Analysts predict Trump’s “Big Beautiful Bill” may push price above all-time high, citing history of US borrowing increases boosting Bitcoin. Analysts bullish on bull market continuation, but caution that pattern may end in 2-3 months.

Bitcoin hovers near resistance at $110,500, with buyers facing bearish pressure. Price may slump to $105,000 if support fails, but a rebound could lead to rally to all-time high at $111,980. Altcoins like BNB, SOL, LINK, and AAVE may follow Bitcoin’s price movements.

BNB rebounds off breakout level, facing resistance at $665. Bulls expected to defend moving averages to prevent slump to $100,000. SOL faces hurdle at $159, with potential rally to $168 and $185 if bulls break resistance. LINK struggles at 50-day SMA, may fall to $12.73 if bears seize control. AAVE faces resistance at $286, potential rally to $325 if bulls defend moving averages.

Read more at Cointelegraph: Bitcoin Test Support As BNB, SOL, LINK, AAVE Prep For Higher