📉 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

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

Drop your thoughts below 👇