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| Bitcoin Retreats Below $117K After Record High – Is the Bull Run in Trouble? |
Bitcoin dropped below $117,000 after hitting a record high of $123,100. Is this a healthy correction or the beginning of a larger bearish trend? Here's what you need to know now.
Bitcoin Pulls Back After Reaching $123,100 ATH
Bitcoin (BTC), the world’s largest cryptocurrency, hit a historic all-time high of $123,100 in early July 2025, only to drop sharply below $117,000 within days. This 5% retreat has left many traders and investors wondering: is this just a cooling-off phase, or a sign of deeper trouble ahead?
Why Did Bitcoin Drop?
1. Profit-Taking After ATH
Many early investors and institutions took profits around the $120K–$123K range, leading to increased sell pressure and a short-term dip in momentum.
2. Crypto Week in the U.S.
Ongoing discussions in the U.S. Congress around new crypto regulations — especially the CLARITY Act and GENIUS Act — are creating market-wide caution.
Read: CLARITY & GENIUS Acts – Explained
3. Technical Overbought Signals
Bitcoin’s RSI (Relative Strength Index) exceeded 75 before the drop, suggesting the asset was overbought. A natural correction was expected.
Is the Bull Run Over?
Not necessarily.
Most analysts agree that Bitcoin remains in a strong uptrend, and this correction could be healthy and necessary. As long as BTC stays above critical support levels like $114K–$115K, the uptrend is intact.
| Price Level | Significance |
|---|---|
| $123,100 | Previous ATH (resistance) |
| $117,000 | Current range (support broken) |
| $114,000 | Key short-term support |
| $130,000 | Next possible target if trend resumes |
How to Track Bitcoin in Real-Time
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Bitcoin vs Altcoin Impact
This sudden Bitcoin pullback also triggered corrections across the market:
| Token | 24h Drop |
|---|---|
| Ethereum (ETH) | -2.1% |
| XRP | -4.1% |
| Solana (SOL) | -4.9% |
| GMX | -3.7% |
Meme tokens like PUMP and PENGU also experienced sharp volatility — we'll cover them in detail in upcoming posts.
What Should Traders Do?
- Short-term traders: Be cautious. Avoid panic selling but consider setting tight stop-losses.
- Long-term holders: Stay calm. Bull runs always include temporary dips.
- Dollar-Cost Averaging (DCA): This is a smart time to accumulate at lower prices.
“Corrections are opportunities, not threats.” – Market mantra
Bitcoin dropping below $117K isn't a crash — it’s a natural pause. While Crypto Week in the U.S. is stirring temporary fear, the bigger picture remains bullish.
As institutional interest grows and long-term supply tightens post-halving, this dip might just be a stepping stone to $130K and beyond.
