Bitcoin was briefly immersed in a local low of around $114,700 on Friday, increasing its volatility and stabilizing it within tightly integrated ranges. Prices fall below the psychological $120,000 mark, with bulls and bears trapped in a tug of war that has strengthened speculation across the market. Despite the pullback, Bitcoin retains significant support, suggesting the resilience of its current bullish structure.
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This week stands out as one of the most offensive sales periods of the Bull Cycle today, according to Crypto-leg analyst Axel Adler. Adler notes that only 12 weeks faces 7.3% of the total cycle, with pressures showing above equal sales pressure. This context highlights how intense market activity has been these days, and while it has made huge profits from investors, there is no complete breakdown of prices.
A combination of strong sales and price stability introduced a high level of uncertainty. Market participants are closely watching a deeper revision or a confirmation of new pushes to break the $120,000 barrier. Once the week is over, Bitcoin’s ability to maintain its integration range could determine the pace and direction of the next major movement in this cycle.
Bitcoin holds strong among large sales
Adler emphasized this week that it ranks in the top 7% of the most extremes in terms of volume sales during the current Bitcoin Bull cycle. Despite intense sales pressure, Bitcoin showed significant resilience, recovering to $117,000 by the end of the week. This rebound is considered a positive signal, reflecting the bullish strength facing positive distribution.
Bitcoin remains in a tight integration range, but its advantage is beginning to weaken compared to Ethereum and other major altcoins. This shift has attracted attention from analysts who view this week as a pivotal moment. The continuous decline in Bitcoin’s advantage and the increase in the strength of altcoin could mark the beginning of the long-standing alto season. This is the time when capital will spin from Bitcoin to alternative cryptocurrencies, driving strong profits across the sector.
Still, the recent recovery and integration beyond Bitcoin’s main support suggests that its bullish momentum may not have ended. If buyers continue to defend their current range, BTC could prepare for another leg to be raised, putting pressure on shorts and rekindling market confidence.
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BTC retests resistance after strong recovery
Bitcoin (BTC) is currently trading around $117,867 on the four-hour chart after a sharp recovery from its support level of $115,724. This area has proven to be a key short-term demand zone as the Bulls are actively stepping into defending it following recent DIP. Prices are currently approaching the 100th SMA ($117,822) and are trying to regain this level of support.
The chart structure shows that BTC remains locked to a well-defined integration range between $115,724 and $122,077. This week’s lower boundary and subsequent bounce signals retested continued interest from buyers despite strong sales pressure at the beginning of the week. Volume continues to rise, indicating active market participation during the recent recovery.
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The key to look at now is whether BTC can flip the 100 SMA and hold more than $118,000. If confirmed, the next major test is a top range resistor of $122,077. A clean breakout above this level could set the best new all-time stage.
Dall-E special images, TradingView chart
