Core Insights - Bitcoin (BTC) reached a record high of $126,199 but has since shown signs of hesitation and sideways trading among traders [1] - On-chain indicators suggest a potential short-term downward trend, with many market participants anticipating a move below the $120,000 region [1] Market Trends - The Holder Accumulation Ratio for BTC has declined to 54.42%, falling by 2% over the past four days, indicating weakening momentum as more holders are selling or moving their coins [2][4] - BTC's Liveliness metric has resumed an uptrend, closing at 0.6298, suggesting that long-term holders (LTHs) are moving their coins, which may indicate profit-taking behavior [5] Price Predictions - Without renewed buying interest, BTC risks slipping toward the $120,000 zone, with a potential breach of support at $120,090 leading to further declines to $118,922 [6] - If new buyers enter the market, BTC could stabilize above current levels and potentially revisit its all-time high of $126,199 [7]