Bitcoin’s price is currently hovering around $123,000. The market is in the ‘greed zone’, with a total capitalization reaching $4.24 trillion and neutral sentiment dominating. Notably, Bitcoin (BTC), the leading cryptocurrency, has been exhibiting a slow but steady climb. Despite recent fluctuations, it recently breached the $125,000 mark before falling back to its former support around $122,459. 71 on the Fear and Greed Index indicates the market is currently in a ‘greed’ zone. Bitcoin trading volume has surged by over 6.49%, reaching $59.82 billion, as per CoinMarketCap data. A significant liquidation of $66.38 million worth of Bitcoin was also recorded within the past 24 hours, as reported by Coinglass. Analyzing Bitcoin’s current price movement on the 4-hour chart, we see a bearish trend characterized by red candlesticks. This pattern indicates that bears may attempt to pull the price down towards $123,747 support. If the price continues its downward trajectory, it could fall further; however, if there is a reversal, Bitcoin might surpass $123,770 and experience an upward trend.