{"content":"BTC Cools Off After New Highs — Is This Just a Pause? Above $118,500, bitcoin price rose again. BTC hit a peak over $120,000 and began falling. Bitcoin rose past $120,000 again. The price is at $118,500 and the 100-hour SMA. BTC/USD broke below a positive trend line with support around $119,800 on the hourly chart. If it breaks $120,500 barrier, the pair may rise again. Bitcoin Price Hits ATH Bitcoin price rose after breaking $116,500 barrier. BTC accelerated beyond $118,000 and $120,000 barrier. Bulls pushed the pair over $122,000 resistance. The price is consolidating gains after hitting $123,140, a record high. It fell below the 23.6% Fib retracement line of the $108,636 swing low to $123,140 high. Additionally, the hourly BTC/USD chart broke below a bullish trend line with support around $119,800. Bitcoin is reaching $118,500 and the 100-hour SMA. The $119,550 level represents immediate upward resistance. First major resistance is at $120,500. 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. BTC Downside Correction? Bitcoin may drop below $120,500 if it fails to increase. Near $117,500 is immediate help. The first key support is at $115,800, the 50% Fib retracement level of the rise from $108,636 swing low to $123,140 high. The next support is at $114,000. 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 positive zone. Relative Strength Index hourly BTC/USD RSI is below 50. Major Support Levels: $117,500, $115,800. Major resistance levels: $120,500, $122,000. #CPIWatch #BTCWhaleTracker #BTC120kVs125kToday #USCryptoWeek #StrategyBTCPurchase $BTC $ETH $XRP ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025072025/07/15/ffc826d775ce4ad79879b613bc8241c3.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}