Bitcoin and altcoins experienced a pullback as traders awaited a press conference by David Sacks, AI and crypto czar. The market performance may be influenced by the renewed trade war between the US and China. The press conference is expected to address key priorities for the industry, including approving crypto exchange-traded funds and simplifying regulations. Technical indicators suggest a strong bullish breakout, with Bitcoin forming a cup and handle pattern and a bullish flag chart pattern. Bitcoin is likely to rebound and move towards resistance at $123,000, which could drive gains in altcoins.



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