Odaily Planet Daily News QCP Capital released an analysis report stating: With the long-awaited cryptocurrency bill from Trump finally signed and taking effect, the price of Bitcoin remained stable over the long holiday weekend, rebounding to an intraday high of $109,700 during a non-liquid trading window on Sunday, setting a record high for the weekly closing price. Despite market unease over the sudden reactivation of eight dormant wallets from 14 years ago, the price of Bitcoin remained robust. Analysts believe that volatility is still near historical lows, but if Bitcoin breaks through the $110,000 resistance level, it could trigger a new round of buying, as some large institutions seem to be preparing for this, continuing to accumulate $130,000 call options for September while holding firm on the $115,000/$140,000 call spread for September, highlighting a structurally bullish outlook for the third quarter.

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