#OneBigBeautifulBill Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE appear promising.
$BTC ✨✨✨✨✨✨✨✨💥
Bitcoin fell near the ceiling of 110,000 dollars, but the reset of prices could give BNB, SOL, LINK, and AAVE the opportunity to rebound.
✨Key point:
🔥The bounce of Bitcoin from moving averages could improve sentiment, pushing BNB, SOL, LINK, and AAVE above their upper resistance levels.
Bitcoin's failure.👇
BTC91,846 € in closing above 110,000 dollars may have attracted profit-taking by short-term traders. This has brought the price close to 108,000 dollars. Crypto analyst Daan Crypto Trades said in a post on X that a close above 110,000 dollars would be good for Bitcoin, but a drop below 108,000 dollars could deepen the correction.
Some analysts bet that President of the U.S. Donald Trump's "Big Beautiful Bill" will act as a catalyst to push the price above the all-time high. The prediction service Kalshi expects the U.S. national debt to reach 40 trillion dollars by 2025, a massive increase from 23.2 trillion dollars in 2020. History shows that increases in U.S. debt have driven the price of Bitcoin. For example, the price of Bitcoin skyrocketed approximately 38% after Trump signed a COVID-19-related spending bill at the end of 2020.