{"id":5855,"date":"2025-07-15T05:00:23","date_gmt":"2025-07-15T05:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-retreats-after-hitting-ath-bulls-pause-for-breath\/"},"modified":"2025-07-15T05:00:23","modified_gmt":"2025-07-15T05:00:23","slug":"bitcoin-price-retreats-after-hitting-ath-bulls-pause-for-breath","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-retreats-after-hitting-ath-bulls-pause-for-breath\/","title":{"rendered":"Bitcoin Price Retreats After Hitting ATH \u2014 Bulls Pause for Breath"},"content":{"rendered":"<p><em>Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently started a downside correction.<\/em><\/p>\n<ul>\n<li>Bitcoin started a fresh increase above the $120,000 zone.<\/li>\n<li>The price is trading near $118,500 and the 100 hourly Simple moving average.<\/li>\n<li>There was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair might start another increase if it clears the $120,500 resistance zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Sets New ATH<\/h2>\n<p>Bitcoin price started a fresh increase after it cleared the $116,500 resistance zone. BTC gained pace for a move above the $118,000 and $120,000 resistance.<\/p>\n<p>The bulls even pumped the pair above the $122,000 resistance zone. A new all-time high was formed at $123,140 and the price is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high.<\/p>\n<p>Besides, there was a break below a bullish trend line with support at $119,800 on the hourly chart of the BTC\/USD pair. Bitcoin is now trading near $118,500 and the 100 hourly Simple moving average.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-788771\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Bitcoin_ebd086.png?resize=1024%2C479\" alt=\"Bitcoin Price\" width=\"1024\" height=\"479\" \/><\/p>\n<p>Immediate resistance on the upside is near the $119,550 level. The first key resistance is near the $120,500 level. The next resistance could be $122,000. A close above the $122,000 resistance might send the price further higher. In the stated case, the price could rise and test the $123,200 resistance level. Any more gains might send the price toward the $125,000 level. The main target could be $130,000.<\/p>\n<h2>Downside Correction In BTC?<\/h2>\n<p>If Bitcoin fails to rise above the $120,500 resistance zone, it could start a downside correction. Immediate support is near the $117,500 level. The first major support is near the $115,800 level or the 50% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high.<\/p>\n<p>The next support is now near the $114,000 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might continue to move down.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $117,500, followed by $115,800.<\/p>\n<p>Major Resistance Levels \u2013 $120,500 and $122,000.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price started a fresh increase above the $118,500 zone. BTC traded to a new high above $120,000 and recently started a downside correction. Bitcoin started a fresh increase above the $120,000 zone. The price is trading near $118,500 and the 100 hourly Simple moving average. There was a break below a bullish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5856,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-5855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-btc","tag-bitcoin","tag-bitcoin-price","tag-btc","tag-btcusd","tag-btcusdt","tag-xbtusd"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=5855"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/5855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/5856"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=5855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=5855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=5855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}