Bitcoin Stabilizes Ahead of Potential Growth

🟠After reaching a historic high above $123,000, Bitcoin has entered a correction phase and is currently trading around $114,670. Analysts identify the $110,000–$112,000 zone as an optimal accumulation range. Michaël van de Poppe suggests August may become a month of stabilization before the next bullish trend, with the current consolidation offering a chance for the market to reset.
🟠As Bitcoin corrects, altcoins are showing strength: the altcoin dominance index has reached 41%, and futures volumes for ETH and other tokens now represent 83% of the market. This may signal the beginning of an “altseason” and the formation of favorable conditions for long-term investments.