{"content":"Bitcoin Pulls Back — Breakout Loading or Storm Brewing? From $123,200, bitcoin price fell. BTC may find offers at $115,500 after falling below $120,000. Bitcoin fell from its new record high of $123,200. Price is below $120,000 and 100 hourly Simple moving average. BTC/USD broke above a negative trend line with resistance around $117,300 on the hourly chart. The pair may rise again if it breaks $120,000 resistance. New ATH Bitcoin Price Corrects Bitcoin price rose after breaking $118,500 barrier. BTC accelerated beyond $120,000 and $122,000 barrier. Bulls even pushed the pair beyond $123,000. The price is correcting after hitting a record $123,140. It fell below the 23.6% Fib retracement line of the $108,636 swing low to $123,140 high. Bitcoin has fallen below $120,500 and the 100-hour SMA. The price is sustaining the 50% Fib level of the rise from $108,636 swing low to $123,140 high. BTC/USD broke above a negative trend line with resistance around $117,300 on the hourly chart. Close to $118,500 is immediate upward barrier. Near $120,000 is the first major resistance. The next hurdle may be $122,000. A closing above $122,000 barrier might boost prices. If the price rises, it may challenge $123,200 barrier. More increases might push the price beyond $125,000. The goal may be $130,000. More BTC losses? Bitcoin may fall if it fails to break $120,000. Near $115,850 is immediate support. Near $115,500 is the first big support. Around $114,150 is the next support. More losses might push the price toward $112,500. BTC may go below $110,500, the primary support. The technical indications Hourly MACD - MACD is falling in the negative zone. Relative Strength Index hourly BTC/USD RSI is below 50. Major Support Levels: $115,500, $114,150. Major resistance levels: $120,000 and $122,000. #CPIWatch #AltcoinSeasonLoading #BTCWhaleTracker #USCryptoWeek #BTC120kVs125kToday $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/16/3efd13585c064025806027b4aa6aeb9d.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}