Bitcoin Supports One of the Most Intense Bear Weeks of This Bull Cycle – Details:

Bitcoin experienced high volatility on Friday, briefly dropping to a local minimum of around $114,700 before stabilizing within a tight consolidation range. The price remains capped below the psychological mark of $120,000, with bulls and bears caught in a tug-of-war that has intensified speculation across the market. Despite the pullback, Bitcoin is holding a 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—showed selling pressure equal to or greater. This context highlights how intense recent market activity has been, with significant profit-taking by investors, but without a total breakdown in price.
The combination of strong selling and price stability has introduced a high level of uncertainty. Market participants are closely watching for confirmation of a deeper correction or a new push to break the $120K barrier. As the week comes to a close, Bitcoin's ability to maintain its consolidation range may determine the pace and direction of the next big move in this cycle.
Bitcoin Remains Strong Amid Heavy Selling
Adler highlighted that this week ranks among the top 7% most extreme in terms of sales volume during the current Bitcoin bull cycle. Despite the intense selling pressure, Bitcoin demonstrated remarkable resilience, recovering to $117,000 by the end of the week. This rebound is seen as a positive sign, reflecting the bullish strength in the face of aggressive distribution.
As Bitcoin remains in a tight consolidation range, its dominance is starting to weaken against Ethereum and other major altcoins. This shift has caught the attention of analysts, who now see this week as a crucial moment. A continued decrease in Bitcoin's dominance combined with increasing strength in altcoins could mark the beginning of the much-anticipated altseason— a period when capital shifts from Bitcoin to alternative cryptocurrencies, driving strong gains across the sector.
Nevertheless, the recent recovery and consolidation of Bitcoin above a key support suggest that its bullish momentum may not be over. If buyers continue to defend the current range, BTC may be preparing for another rally, putting pressure on the shorts and reigniting market confidence.
BTC Tests Resistance Again After Strong Recovery
Bitcoin (BTC) is currently trading around $117,867 on the 4-hour chart, after a sharp recovery from the support level of $115,724. This area has proven to be a critical demand zone in the short term, with bulls aggressively stepping in to defend it after a recent decline. The price is now pressing against the 100-period SMA ($117,822), trying to reclaim this level as support.
The chart structure shows that BTC remains trapped in a well-defined consolidation range between $115,724 and $122,077. This week's retest of the lower limit and the subsequent bounce signal ongoing interest from buyers, despite strong selling pressure at the beginning of the week. Volume remains high, suggesting active market participation during the recent recovery.
The key to observe now is whether BTC can reverse the 100 SMA and stay above $118,000. If confirmed, the next big test will be the resistance of the upper range at $122,077. A clean break above this level could set the stage for new all-time highs.
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