Bitcoin Price Extends Losses, Can Buyers Prevent a Major Breakdown?

Bitcoin price is trimming gains and trading below $120,000. BTC is now showing some bearish signs and might decline below $115,500 zone. Bitcoin started a downside correction below the $120,000 zone. The price is trading below $118,000 and the 100 hourly Simple moving average source: https://www.newsbtc.com/analysis/btc/bitcoin-price-extends-losses-116k/