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QCP Capital: Bitcoins pullback to $110,000 may provide a more stable basis for growth

By: odaily.com|2025/07/16 09:51:38

Odaily News QCP Capital published an analysis saying that Bitcoin experienced a brief correction after breaking through the $120,000 mark and currently found support at $114,000. As summer approaches, cryptocurrency market trading volume shows a seasonal slowdown trend. The U.S. dollar index has fallen 10% year-to-date, driving the strong performance of dollar-denominated assets, including Bitcoin. It is worth noting that Ethereum has shown relative strength, benefiting from SBETs treasury diversification efforts and other companies increased Ethereum accumulation. Analysts believe that Bitcoins pullback to $110,000 may provide a more stable consolidation basis for the current rebound, and the market as a whole remains structurally bullish.

A certain address spent $818,000 in the past half hour to buy Grok male partner concept token ANI, and currently has a floating profit of $194,000

Bitcoin briefly surpassed $119,000, with a 24-hour price increase of 2.24%.