Bitcoin Pullback to $118K: Neutral Momentum, Trend Still Bullish
I see Bitcoin pull back 4.1% to $118,300 after the record $124,480 peak — a healthy correction following an extended run higher.
Technical momentum looks neutral right now, but the broader bullish trend remains intact. Fed policy uncertainty is the primary short-term headwind increasing volatility.
I’m staying cautious: I won’t add aggressively without clearer confirmation, but I’m watching for buy-on-weakness opportunities if support holds.
Analysis
A 4.1% retracement after an all-time high suggests consolidation rather than trend reversal; momentum indicators are neutral, so near-term volatility is likely as markets price Fed policy risk.
Recommendation
I recommend holding for now—monitor key support and consider adding selectively on confirmed weakness with strict risk controls.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.