80K Bitcoin offloaded as $120K turns into resistance: A fall ahead?

For how long will BTC hold below $120

Bitcoin’s previous weekly high flipped from support to resistance. With bearishness growing, BTC’s uptrend could be paused. What is behind these increasing shorts?

At the time of writing, Bitcoin [BTC] traded at $118,237 with almost no change from the previous day closing price. Despite controlling $73 Billion in volume, BTC was short of the glory seen at the ATH of $123,000.

Since hitting a new ATH, Bitcoin price has been declining, but still remains volatile. Why is Bitcoin continuing to decline, then?