Bitcoin experienced heightened volatility on Friday, briefly dipping to a local low of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological $120,000 mark, with bulls and bears locked in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding key support, suggesting resilience in the current bullish structure.
According to CryptoQuant analyst Axel Adler, this week stands out as one of the most aggressive selling periods of the current bull cycle. Adler notes that only 12 weeks—about 7.3% of the entire cycle—have shown equal or greater selling pressure. This context highlights just how intense the recent market activity has been, with significant profit-taking from investors but no full breakdown in price.
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