Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details

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.

The combination of strong selling and price stability has introduced a high level of uncertainty. Market participants are watching closely for confirmation of either a deeper correction or a renewed push to break the $120K barrier. As the week closes, Bitcoin’s ability to maintain its consolidation range could determine the pace and direction of the next major move in this cycle.

Adler highlighted that this week ranks among the top 7% of the most extreme in terms of selling volume during the current Bitcoin bull cycle. Despite the intense selling pressure, Bitcoin has shown notable resilience, recovering to $117,000 by week’s end. This rebound is seen as a positive signal, reflecting bullish strength in the face of aggressive distribution.

While Bitcoin remains in a tight consolidation range, its dominance is starting to weaken relative to Ethereum and other major altcoins. This shift has caught the attention of analysts who now view this week as a pivotal moment. A continued decrease in Bitcoin dominance paired with growing strength in altcoins could mark the beginning of the long-anticipated altseason—a period where capital rotates from Bitcoin into alternative cryptocurrencies, driving strong gains across the sector.

Still, Bitcoin’s recent recovery and consolidation above key support suggest that its bullish momentum may not be over. If buyers continue to defend the current range, BTC could be gearing up for another leg higher, putting pressure on shorts and reigniting market confidence.

Bitcoin (BTC) is currently trading around $117,867 on the 4-hour chart after recovering sharply from the $115,724 support level. This area has proven to be a critical short-term demand zone, with bulls stepping in aggressively to defend it following a recent dip. The price is now pressing against the 100-period SMA ($117,822), attempting to reclaim this level as support.

The structure of the chart shows BTC remains locked in a well-defined consolidation range between $115,724 and $122,077. This week’s retest of the lower boundary and subsequent bounce signals continued interest from buyers, despite strong selling pressure earlier in the week. Volume remains elevated, suggesting active market participation during the recent recovery.

The key to watch now is whether BTC can flip the 100 SMA and hold above $118,000. If confirmed, the next major test will be the upper range resistance at $122,077. A clean breakout above this level could set the stage for new all-time highs.

Featured image from Dall-E, chart from TradingView