Bitcoin and several major altcoins have started a strong recovery, but the relief rally is expected to face significant headwinds near major overhead resistance levels.
Key points:
Bitcoin’s recovery could face selling at $118,000, but if the bulls overcome the resistance, the rally may retest the all-time high of $126,199.
Several major altcoins have bounced off their strong support levels, but the recovery may face significant selling at higher levels.
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cointelegraph.com