#BTCWhaleMovement Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE look promising

Bitcoin fell close to the ceiling of 110,000 dollars, but the price reset could give BNB, SOL, LINK, and AAVE the opportunity to bounce back.

Bitcoin reached a resistance at 110,000 dollars, but BNB, SOL, LINK, AAVE look promising

Price Analysis

Key Point:

Bitcoin's bounce from the moving averages may improve sentiment, pushing BNB, SOL, LINK, and AAVE above their upper resistance levels.

Bitcoin's failure

BTC

91,876 €

to close 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 the "Big Beautiful Bill" from US President Donald Trump will act as a catalyst to push the price above the all-time high. The prediction service Kalshi expects that the US national debt will reach 40 trillion dollars by 2025, a massive increase from 23.2 trillion dollars in 2020. History shows that increases in US borrowing have driven the price of Bitcoin. For example, the price of Bitcoin skyrocketed by approximately 38% after Trump signed a COVID-19 related spending bill at the end of 2020.