Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July
Bitcoin selling intensified this week, but data shows an assortment of buyers absorbing the flow.
Key takeaways:
Bitcoin is stuck between $100,000–$110,000 as mid-to-long-term holders lock in profits.
Despite the movement of older coins, one analyst sees this redistribution as typical in bull markets and believes the market is absorbing the selling pressure.
