{"id":102913,"date":"2025-10-08T02:16:14","date_gmt":"2025-10-08T02:16:14","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=102913"},"modified":"2025-10-08T02:16:14","modified_gmt":"2025-10-08T02:16:14","slug":"bitcoin-price-retreats-from-highs-is-the-market-signaling-a-short-term-top","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=102913","title":{"rendered":"Bitcoin Price Retreats From Highs \u2013 Is The Market Signaling A Short-Term Top?"},"content":{"rendered":"

Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave.<\/em><\/p>\n

Bitcoin started a downside correction below the $125,000 level.
\nThe price is trading below $124,000 and the 100 hourly Simple moving average.
\nThere is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC\/USD pair (data feed from Kraken).
\nThe pair might continue to move down if it trades below the $120,500 zone.<\/p>\n

Bitcoin Price Corrects Gains<\/h2>\n

Bitcoin price extended gains<\/a> above the $124,000 zone. BTC climbed above the $125,000 and $125,500 resistance levels before the bears appeared.<\/p>\n

A new high was formed at $126,198 before there was a downside correction. The price dipped below the $124,000 support zone. There was a sharp move and the price tested the $120,500 region. The price is now consolidating near the 23.6% Fib retracement level of the recent decline from the $126,191 swing high to the $120,694 low.<\/p>\n

Bitcoin is now trading below $124,000 and the 100 hourly Simple moving average<\/a>. Besides, there is a key bearish trend line forming with resistance at $123,500 on the hourly chart of the BTC\/USD pair.<\/p>\n

Immediate resistance on the upside is near the $122,250 level. The first key resistance is near the $123,500 level and the trend line. It is close to the 50% Fib level of the recent decline from the $126,191 swing high to the $120,694 low.<\/p>\n

<\/a><\/p>\n

The next resistance could be $124,200. A close above the $124,200 resistance might send the price further higher. In the stated case, the price could rise and test the $125,500 resistance. Any more gains might send the price toward the $126,000 level. The next barrier for the bulls could be $126,200.<\/p>\n

More Losses In BTC?<\/h2>\n

If Bitcoin fails to rise above the $123,500 resistance zone, it could start a fresh decline. Immediate support is near the $121,200 level. The first major support is near the $120,500 level.<\/p>\n

The next support is now near the $118,500 zone. Any more losses might send the price toward the $116,200 support in the near term. The main support sits at $115,500, below which BTC might struggle to recover in the short term.<\/p>\n

Technical indicators:<\/p>\n

Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n

Major Support Levels \u2013 $121,200, followed by $120,500.<\/p>\n

Major Resistance Levels \u2013 $122,250 and $123,500.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin price struggled to surpass $126,200 and corrected gains. BTC is now consolidating near $122,000 and might aim for a recovery wave. Bitcoin started a downside correction below the $125,000 level. The price is trading below $124,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at […]<\/p>\n","protected":false},"author":0,"featured_media":102914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102913"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102913"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102914"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}