$BTC saw a sharp rejection from $124,474, dropping -3.59% to $118,968.
Despite the pullback, price is still near the 7-day MA ($119,306) and holding above the 25-day MA ($117,405), showing that buyers are still defending key levels.
Key zones:
Support: $117,180 – $117,400
Resistance: $124,474, then $125,326
If bulls can reclaim $120K+, momentum could quickly shift back toward the recent high.
A break below $117K may trigger deeper profit-taking.
