💥💥Tension Continues Below $115.7K Resistance in Bitcoin: Correction in Altcoins and Potential Volatility Likelihood💥💥

The cryptocurrency market is at a critical threshold. Bitcoin continues to trade below the resistance level of $115,700, while altcoins are experiencing a pullback following a strong rally of around 60%. This situation indicates that market volatility may increase in the coming period.

The total market capitalization of altcoins has declined from a peak of $1.6 trillion to $1.44 trillion, signaling signs of fatigue.

If Bitcoin cannot break through the critical resistance of $119,000, it may face a sharp decline towards below $100,000.

Both Bitcoin and altcoins are fluctuating around significant technical levels; this increases the likelihood of sudden and strong price movements.

Activity in Altcoins

Altcoins attracted intense interest from retail investors, gaining around 60% in value between April and July. The recent decline is considered a healthy correction in the market. As prices pull back from the peak levels in mid-July, analysts point out that maintaining critical support points could create new buying opportunities.

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