Bitcoin Suddenly Retreats! Could This Be the Last Buying Opportunity Before the Explosion?

Bitcoin is experiencing a significant first movement since breaking through its all-time high and reaching $123,000. After nearly two weeks of accumulation within a narrow range, the price is now returning to $115,000 - marking a 6% fall from the recent high. Although this pullback has made short term traders cautious, data shows that there are not many reasons for concern at this stage. According to CryptoQuant's Bitcoin Bearish Analysis chart, the current 6% drop is still within the range of normal fluctuations observed during previous bull phases. This indicates that this move is more likely a healthy market reset than the beginning of a deeper correction. When Bitcoin tests the lower boundary of the previous range, investors will closely monitor the new strength or signs of distribution. Currently, the fundamental factors and long-term holder data still support, maintaining an optimistic sentiment despite short term volatility. The next few sessions may determine whether BTC can surge strongly or enter a broader consolidation phase. Bitcoin Volatility Still Within Normal Range As The Market Enters A Critical Phase According to top analyst Axel Adler, the recent price volatility of Bitcoin may seem strong at first glance, but a deeper analysis shows that the current level of volatility remains within the bounds of historical norms. In the past quarter, the most notable daily drop for Bitcoin on the 5-minute timeframe reached -10% at the beginning of June and -12% in mid-June. Meanwhile, the average weekly decline, represented by the green line on Adler's chart, has remained steady at 3.8%.

The current fall of -6%—after Bitcoin broke out to $123,000 recently and returned to $115,000—only goes deeper by 2.2% compared to this weekly average and is still far from the extreme panic levels seen in previous months. Despite the impressive appearance, Adler emphasizes that the current correction aligns with the standard consolidation cycle often seen in bull markets. What makes this moment particularly noteworthy is the behavior of other parts of the cryptocurrency market. Although altcoins experienced a significant correction yesterday, today they are holding above important support levels, signaling underlying strength and the potential for a shift in market momentum. This recovery in major altcoins could mark a capital rotation in the market, rather than a retracement. BTC falls below an important support level as volume spikes. Bitcoin has broken below the tight consolidation range it maintained for more than two weeks, with the price falling sharply to a local low of $115,009 before a slight recovery to $115,759. This marks a clear technical breakdown of the horizontal channel between $115,724 and $122,077, as shown on the 4-hour chart. The breakdown below the lower limit coincides with a spike in volume, signaling intense selling pressure from market participants.

The decline has pushed BTC below the 50-day simple moving average (SMA) in blue( and the 100-day )in green(, both of which previously acted as dynamic support. The price is currently hovering just above the horizontal support zone of $115,724, which is now being retested. Failing to hold this level could open the door for deeper pullbacks towards the 200-day SMA around $112,104, which could serve as the next key support level. Technically, a bearish structure is forming in the short term, especially after price broke out of the blue-marked triangular compression ). However, the increased trading volume accompanying this move may also indicate capitulation from weak investors, which could signal a potential reversal. In the upcoming trading sessions, the ability of Bitcoin to regain the $118,000 level will determine whether the bulls can regain control.