📉 Bitcoin Pulls Back — Breakout Loading or Storm Brewing? ⚡


After hitting a fresh ATH of $123,200, $BTC is cooling off — now trading below $120K and the 100-hour SMA. Here’s what’s next:


🟡 Recent Price Action:




BTC hit $123,140 before retracing.




Now holding around the 50% Fib level of the $108,636 to $123,140 move.




Broke above a bearish trendline near $117,300 but struggling to reclaim $120,000.




📈 Upside Scenario:




Immediate resistance: $118,500




Break above $120K = bullish momentum




Above $122K → retest ATH ($123,200) 🔁




If bulls win, next targets: $125K → $130K




📉 Downside Risk:




First support: $115,850




Key levels to watch: $115,500 and $114,150




Break below $114K could open the path to $112,500 and even $110,500




📊 Indicators:




MACD: Bearish momentum increasing




RSI: Below 50 — sellers in control

#BTCWhaleTracker #CPIWatch #USCryptoWeek #AltcoinSeasonLoading #BTC120kVs125kToday

BTC
BTC
64,420.92
-1.42%


🧠 Will BTC hold $115K and bounce, or are we in for deeper correction?


Drop your thoughts below 👇