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QCP Capital: Bitcoin's Pullback to $110,000 May Provide a More Stable Foundation for Upside
Summary: According to reports, QCP Capital's analysis suggests that Bitcoin experienced a brief pullback after breaking the $120,000 mark, currently finding support at $114,000. With summer approaching, the cryptocurrency market is showing a seasonal slowdown in trading volume. The US dollar index has fallen 10% since the beginning of the year, driving strong performances of assets ...
According to reports, QCP Capital's analysis suggests that Bitcoin experienced a brief pullback after breaking the $120,000 mark, currently finding support at $114,000. With summer approaching, the cryptocurrency market is showing a seasonal slowdown in trading volume. The US dollar index has fallen 10% since the beginning of the year, driving strong performances of assets priced in dollars, including Bitcoin. Ethereum has shown relative strength, benefiting from SBET's treasury diversification efforts and other companies increasing their Ethereum holdings. Analysts believe that Bitcoin's pullback to $110,000 may provide a more stable consolidation base for the current rebound, with the overall market maintaining a structurally bullish stance.
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Link: QCP Capital: Bitcoin's Pullback to $110,000 May Provide a More Stable Foundation for Upside [Copy]
