Bitcoin is seeing a pullback after reaching $123,000, with traders locking in profits while market dynamics indicate a potential temporary correction rather than a full reversal.
Bitcoin briefly hit an all-time high near $123,000 before retracting to around $117,153, as traders engage in profit-taking. Despite increased exchange inflows and miner activity suggesting a temporary correction, the underlying bullish trend remains intact, with strong trading volume and ongoing ETF inflows supporting future upward momentum.