Bitcoin steadies at 118,348 USD as analysts flag deeper pullback risks and altcoin rotation

Bitcoin is currently trading at 118,348 USD after a slight increase of 0.39% in the past day.

Analysts, including Lark Davis and Michaël van de Poppe, suggest that Bitcoin may experience pullbacks to the support range of 108K–112K USD or enter a sideways trading range.

Traders should monitor Bitcoin movements closely, as the overall bullish market structure remains intact but future price actions may vary based on support and resistance dynamics.

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