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.

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