Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic

Bitcoin has broken out of its consolidation range and is currently experiencing a 6% pullback from its all-time high of $123,000, reaching $115,000. Despite this retracement, data suggests that it is within the normal volatility range observed during prior bull phases. The current correction is more likely a healthy market reset than the beginning of a deeper correction. Fundamentals and long-term holder data remain supportive, keeping bullish sentiment intact despite short-term volatility. The next few sessions will determine whether Bitcoin can bounce decisively or enter a broader consolidation phase. According to top analyst Axel Adler, Bitcoin's recent price action may appear sharp, but deeper analysis shows that current volatility remains well within normal historical ranges. The current correction aligns with a standard consolidation cycle often seen during bull markets. Altcoins are holding above key support levels, signaling potential strength and a possible shift in market dynamics. Bitcoin has broken below the tight consolidation range it maintained for over two weeks, with price dropping sharply to a local low of $115,009 before slightly recovering. The breach below the lower bound coincided with a spike in volume, signaling decisive selling pressure from market participants.