Bitcoin’s Recent Rally: A Look at the Key Resistance for Potential Gains

After hitting a new all-time high of over $124,000, Bitcoin experienced a retracement. However, recent support from a key level and a potential interest rate cut offer hope for further growth. If this zone holds, BTC could be poised for another upward surge. Analysts cite expanding decentralized finance (DeFi) applications and increasing institutional investment as key drivers behind the recent price bounce.