Bitcoin is currently experiencing a volatile phase as traders appear to be cashing out profits, with realized profits reaching 14,600 Bitcoin, valued at nearly $1.2 billion on May 4. According to CryptoQuant, this spike in profit-taking often precedes local price tops in bear market rallies. The report indicates that Bitcoin's support level stands at approximately $70,000, a historically significant price point that has acted as a resistance-turned-support during previous bear markets. Despite these concerns, some analysts maintain a bullish outlook. Michaël van de Poppe, founder of MN Capital, suggested that Bitcoin could surge to $90,000 if the US Senate advances the CLARITY Act, a long-awaited cryptocurrency bill. Additionally, Arthur Hayes, investment chief of the crypto fund Maelstrom, expressed confidence that Bitcoin will eventually surpass its all-time high of $126,000, driven by inflationary pressures from geopolitical events and competition in artificial intelligence. As the market fluctuates, the sentiment remains mixed, with profit-taking potentially leading to a downturn.