By Chris Hollingworth 
Bitcoin experienced strong resistance at the $117,500 level, presenting a significant challenge for bulls as they aim to keep the price above $115,500. The next key support level to watch will be crucial in determining the short-term direction of the leading cryptocurrency.
In contrast, the broader altcoin market is showing signs of strength, with many alternative cryptocurrencies expected to continue their upward trajectory. Investors are closely monitoring the performance of these altcoins as they seek opportunities for potential gains in the market.
As the cryptocurrency market remains volatile, it is essential for investors to stay informed about price movements and market trends to make well-informed decisions. Keeping a close eye on key support and resistance levels can help traders navigate the market and identify potential entry and exit points.
Overall, the cryptocurrency market is experiencing a mix of price movements, with Bitcoin facing resistance while altcoins show promise for further gains. It will be interesting to see how these dynamics play out in the coming days as market participants react to various macroeconomic factors and regulatory developments.
