{"id":7483,"date":"2025-10-08T05:00:24","date_gmt":"2025-10-08T05:00:24","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bitcoin-price-retreats-from-highs-is-the-market-signaling-a-short-term-top\/"},"modified":"2025-10-08T05:00:24","modified_gmt":"2025-10-08T05:00:24","slug":"bitcoin-price-retreats-from-highs-is-the-market-signaling-a-short-term-top","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bitcoin-price-retreats-from-highs-is-the-market-signaling-a-short-term-top\/","title":{"rendered":"Bitcoin Price Retreats From Highs \u2013 Is The Market Signaling A Short-Term Top?"},"content":{"rendered":"<p><em>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<ul>\n<li>Bitcoin started a downside correction below the $125,000 level.<\/li>\n<li>The price is trading below $124,000 and the 100 hourly Simple moving average.<\/li>\n<li>There 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).<\/li>\n<li>The pair might continue to move down if it trades below the $120,500 zone.<\/li>\n<\/ul>\n<h2>Bitcoin Price Corrects Gains<\/h2>\n<p>Bitcoin price extended gains above the $124,000 zone. BTC climbed above the $125,000 and $125,500 resistance levels before the bears appeared.<\/p>\n<p>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<p>Bitcoin is now trading below $124,000 and the 100 hourly Simple moving average. 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<p>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<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-834665\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/10\/Bitcoin_7cdfec.png?resize=1024%2C493\" alt=\"Bitcoin Price\" width=\"1024\" height=\"493\" \/><\/p>\n<p>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<h2>More Losses In BTC?<\/h2>\n<p>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<p>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<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 $121,200, followed by $120,500.<\/p>\n<p>Major Resistance Levels \u2013 $122,250 and $123,500.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7484,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[142],"tags":[22,29,32,35,36,154],"class_list":["post-7483","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\/7483","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=7483"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/7483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/7484"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=7483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=7483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=7483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}