From Cointelegraph
May 31, 2025 06:24:00 AM:

Bitcoin is facing resistance at levels last seen in late 2024, risking a deeper correction before returning to price discovery. Profit-taking is causing a hiatus in the bull run, with BTC dropping 8% below its recent all-time highs. Onchain indicators suggest a slowdown in bullish momentum, hinting at a potential pause in the rally. CryptoQuant estimates demand growth near a short-term top, signaling a possible pullback before reaching new highs. Traders anticipate lower levels before resuming bullish momentum, with $120,000 as a key profit-taking station.

Read more at Cointelegraph: Is this the start of a deeper correction for Bitcoin?