Bitcoin pauses after reaching new all-time high
After reaching $125,725, Bitcoin’s surge has paused, with traders expecting a brief correction before another potential push higher.
Bitcoin’s rally has slowed after reaching an intraday high of $125,725, signalling a possible short-term cooling phase following its record-breaking climb. Despite the pause, indicators show the bullish trend remains intact, with higher highs and strong momentum across key timeframes.
Analysts note that Bitcoin’s price may consolidate near the $120,000–$121,000 support zone before resuming its upward trajectory. The relative strength index (RSI) at 71 and stochastic reading of 89 suggest overbought conditions, increasing the likelihood of a brief retracement.
Resistance remains firm around $125,000–$126,000, while traders watch for renewed volume and upward confirmation.
Short-term charts reveal mixed signals. A local double top around $125,725 and falling volume indicate profit-taking, yet moving averages across all key periods continue to flash bullish signals.
If Bitcoin holds above $121,000, analysts expect the pullback to stabilise as part of a healthy consolidation phase, potentially paving the way for another breakout above $126,000.
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