$BTC Bitcoin (BTC) is currently trading at $117,322.64, down about 0.79% in the last 24 hours. The short-term chart shows a small rebound after touching $116,803.99, but the medium-term candlestick chart suggests a notable pullback from the recent high of $124,474.00.

In the past week, BTC has seen moderate growth (+0.97%), but the 30-day trend is slightly negative (-1.65%). The 90-day and 180-day performances remain strong (+13.97% and +20.89% respectively), and the yearly gain is impressive at +93.12%, indicating long-term bullish momentum.

However, the recent drop from the $124K peak shows strong selling pressure, possibly due to profit-taking after a sharp rally. The current price is hovering near the MA60 line, which can act as a support zone. If BTC holds above $117,000, we might see a short-term consolidation before another upward move. But if it breaks below $116,800, a deeper correction toward $114,000 could follow.

Overall Outlook: Short-term caution is warranted due to profit-taking pressure, but the long-term uptrend remains intact unless key support levels are broken.