📉 Why Is Bitcoin Pulling Back Today?

After hitting a new ATH near $123K, $BTC is seeing a healthy correction—not a panic sell.

Here’s what’s behind the dip:

1️⃣ Profit-Taking at the Top

Traders who rode the rally are now locking in profits. Nothing unusual here—CryptoQuant data confirms this is a typical post-ATH behavior.

2️⃣ Overbought Signals

RSI & MACD are both overheated. A cool-down or sideways move toward $110K–$120K is technically justified.

3️⃣ Macro Uncertainty Creeping In

After “crypto week” hype in the U.S., bond yields and Fed indecision are back on investors’ radar. Risk-off mood returning, at least temporarily.

📊 What Comes Next?

• Key Support: $120K → $112K (50D EMA zone)

• Eyes on ETF flows & regulatory news

• Macro backdrop (yields, liquidity) remains a big factor

✅ Conclusion

This isn’t a trend reversal—it’s a routine pause. If key levels hold, the rally could resume after consolidation.

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