Why Bitcoin’s Record High May Be Followed by a Decline Below $120,000

Elon Musk predicts if Bitcoin will reach a new all-time high. Photo by BeInCrypto Leading digital asset Bitcoin (BTC) hit a record high of $126,199 on Monday, marking a major milestone. However, since reaching this peak, the coin has largely traded sideways, showing signs of hesitation among traders.  With many market participants anticipating a potential move below the $120,000 region, on-chain indicators suggest that a short-term downward trend could be looming. Bitcoin Momentum Weakens as Holders Exit ...