By Chris Hollingworth 
Bitcoin bulls attempted to initiate a rebound, encountering significant selling pressure around the $107,000 mark. This resistance also affected the performance of various altcoins, leading to a widespread sell-off across the market.
Investors witnessed a challenging market environment as both Bitcoin and altcoins struggled to maintain upward momentum. The resistance near $107,000 for Bitcoin posed a significant obstacle for bulls, highlighting the ongoing volatility in the cryptocurrency space.
Altcoins faced a similar fate, with many of them experiencing selling pressure as they approached their respective resistance levels. This trend underscores the interconnected nature of the cryptocurrency market, where movements in Bitcoin often influence the performance of other digital assets.
As investors navigate these market dynamics, staying informed about key resistance levels and potential price catalysts is essential for making informed trading decisions. The recent struggles of Bitcoin and altcoins serve as a reminder of the inherent risks and uncertainties associated with cryptocurrency investments.
