Bitcoin is heavily riding the renewed bullish wave observed across the broader crypto industry, and its price has now reclaimed the pivotal $120,000 price level. Heightened selling pressure from investors and traders seems to have followed the ongoing upward action in BTC’s price.

Massive Profit-Taking Frenzy Hits Bitcoin

Investors are currently exhibiting a worrying trend as Bitcoin gains notable upside traction in a positive crypto market condition. In a quick-take post on the CryptoQuant platform, Caueconomy, a market expert and investor, highlighted that Bitcoin investors are rushing to lock in gains during the newfound rally.

Following weeks of erratic trading, the price recovery of Bitcoin has sparked profit-taking at levels not seen in months, with traders and l

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