Bitcoin Takes a Breather—Is This the Calm Before the Next Crypto Storm?

Bitcoin's bull run hits pause—but don't mistake consolidation for capitulation. The king of crypto is catching its breath after a relentless rally, setting the stage for what could be its most explosive move yet.

The Lull Before the Leap?

Trading volumes have tapered off as Bitcoin stabilizes near key resistance levels. This isn't stagnation—it's a coiled spring. Market veterans recognize this pattern: the deeper the consolidation, the fiercer the breakout.

Whales Circle as Retail Fidgets

While novice traders panic over sideways action, institutional wallets are loading up. The smart money knows these plateaus often precede major price discoveries. (Meanwhile, Wall Street fund managers still can't decide if crypto is 'digital gold' or 'a bubble'—classic.)

All signs point to an imminent volatility spike. Whether Bitcoin rockets past its ATH or tests support levels first, one thing's certain: the next big move will leave weak hands scrambling. Buckle up.

Bitcoin Price Hits Support

Bitcoin price started a downside correction from the new all-time high at $123,200. BTC dipped below the $122,000 and $120,000 support levels to enter a short-term bearish zone.

The price traded below the 23.6% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high. However, the downside was limited and the price found support NEAR the $115,800 zone. The bulls protected a move below $118,000.

The price stayed above the 50% Fib retracement level of the upward move from the $108,636 swing low to the $123,140 high. Bitcoin is now trading below $119,500 and the 100 hourly Simple moving average.

There is also a rising channel forming with support at $118,200 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $119,200 level. The first key resistance is near the $119,500 level. The next resistance could be $120,000.

A close above the $120,000 resistance might send the price further higher. In the stated case, the price could rise and test the $121,200 resistance level. Any more gains might send the price toward the $122,000 level. The main target could be $123,200.

More Losses In BTC?

If bitcoin fails to rise above the $120,000 resistance zone, it could continue to move down. Immediate support is near the $118,200 level and the channel. The first major support is near the $116,500 level.

The next support is now near the $115,500 zone. Any more losses might send the price toward the $113,500 support in the near term. The main support sits at $110,500, below which BTC might continue to MOVE down.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $118,200, followed by $115,500.

Major Resistance Levels – $120,000 and $122,000.