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Bitcoin Price Slides 4% After Strong Rally – Correction or Pause? - Overpasses For America

  • Bitcoin price is currently consolidating below $120,000 after starting a correction from the $124,000 zone.
  • The BTC/USD pair has broken below key support levels, including $120,000 and $121,200, testing $117,250.
  • Immediate resistance for Bitcoin is around $119,000, with further key resistances at $120,000 and $120,500.
  • If Bitcoin does not break above $120,000, it may face further declines with major support at $117,250 and $116,500.
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u.today broke the news in on Thursday, August 14, 2025.
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