🟡Defying expectations of a summer lull, Bitcoin made an unexpected leap, breaking through the $110,000 mark. The 3.26% weekend surge was accompanied by a spike in trading activity, with hourly volume increasing 2.5 times. A new support level has formed around $107,600, signaling a potential shift in market sentiment.
🟡This move contrasts with previous analysis from QCP Capital, which pointed to low volatility and weak macroeconomic signals. However, renewed geopolitical tensions and major financial developments are reintroducing uncertainty — and reigniting investor interest in BTC.