Bitcoin Price Retreats After Hitting ATH — Bulls Pause for Breath

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 source: https://www.newsbtc.com/analysis/btc/bitcoin-price-retreats-123k/