Bitcoin briefly touched $111,000, marking a new all-time high before sliding back to around $108,000.
Despite the pullback, analysts at QCP Capital believe the rally remains intact, backed by stronger fundamentals and subdued volatility. The firm noted that the recent dip was largely driven by profit-taking, not a reversal in trend. Options activity reflected renewed bullish sentiment, with traders snapping up call contracts at the $130K strike for September—a sign that expectations for higher highs remain strong.
Bitcoin Breaks Records, But the Real Momentum May Still Be Ahead
QCP also pointed to potential institutional catalysts ahead. One major firm, Strategy, is expected to channel proceeds from a $2.1 billion preferred share offering—yielding 10%—into Bitcoin purchases, which could fuel another leg up. Still, analysts warned of macro risks on the horizon, including rising U.S. yields, a stronger dollar, and tariff uncertainty. While Bitcoin may stay resilient, they noted, altcoins could face more turbulence if volatility returns.
Alexander Stefanov
With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.
