Bitcoin is down about –0.75% today, not up 0.36%. The intraday high was around $119,548 USD, with a low near $117,008 USD

Bitcoin Reached Local Highs Around $123K:

Bitcoin recently surged past $123,000, drawing in short-term traders and speculators aiming to capitalize on the strong upward momentum.

When prices climb too quickly, the asset can enter “overbought” territory, suggesting it may be temporarily overvalued.

At these elevated levels, many investors opt to lock in profits by selling their holdings.

If enough market participants do this simultaneously, it can trigger a wave of selling, resulting in a short-term correction in price.

Recent Whale Movement

An early Bitcoin adopter from the Satoshi era has recently transferred around $9.6 billion worth of BTC, capturing widespread attention.

These coins had been inactive since the early days of Bitcoin, making their sudden movement exceptionally rare and noteworthy.

Because all transactions are public on the blockchain, this activity was quickly spotted by analysts and enthusiasts, triggering speculation and market unease.

Bitcoin could continue to decline, but its future direction hinges on several critical factors. Below is an overview of why a deeper drop is possible—and the key indicators to monitor

Warning to Investors should remain cautious  dealing in crypto market  consider risk management strategies before making investment decisions.