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- Hey Square fam! How many Alpha points have you racked up lately?
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Dare to trade. Dare to win.
Bitcoin pullback to $114,000, market maintains a structurally bullish outlook
[BitPush] QCP Capital published an analysis stating that after Bitcoin broke through the 120,000 USD mark, it experienced a brief pullback, currently finding support at 114,000 USD. As summer approaches, the trading volume in the Crypto Assets market shows a seasonal slowdown trend. The US dollar index has fallen 10% year-to-date, driving strong performance in dollar-denominated assets, including Bitcoin. Notably, Ethereum has shown relative strength, benefiting from SBET's treasury diversification efforts and other enterprises increasing their Ethereum accumulation. Analysts believe that a pullback of Bitcoin to 110,000 USD may provide a more stable consolidation basis for the current rebound, while the market overall maintains a structurally bullish stance.