Bitcoin has encountered resistance at $110,500, causing a decline to around $108,000 as short-term traders book profits. Despite this pullback, analysts like Daan Crypto Trades suggest that a close above $110,000 could signal positive momentum for Bitcoin. Predictions, including expectations of rising US debt, indicate potential boosts for Bitcoin's price. While most analysts remain bullish, some warn the bull market may be limited based on historical patterns. Altcoins such as BNB, SOL, LINK, and AAVE are also under scrutiny. BNB has managed to hold above critical moving averages, with potential for a rally if it breaks above $665. Meanwhile, SOL must reclaim $159 for upward momentum, while LINK needs to overcome the 50-day SMA to avoid a drop to $12.73. AAVE is facing resistance around $286, and a sustained move above this level could potentially push it toward $325. The overall sentiment suggests that altcoins may react positively should Bitcoin regain strength.

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