Based on the latest analyses, Bitcoin (BTC) is currently showing a slight positive trend in the medium and long term. The closing price is $113,972.00, an increase of $421.66. The price has surpassed the target of $115,727 after breaking out of a rectangular formation. The cryptocurrency faces support at around $106,000 and resistance near $123,000. The "Fear and Greed" index is 73, indicating a sentiment of "Greed" in the market.

Today's Forecast and Future Outlook

* Short and Medium Term: Technical analysis indicates a slightly positive outlook.

* Long Term: Overall analysis is positive. Some experts predict that Bitcoin may reach around $122,885 by August 3, and its price may rise significantly in the future.$BTC #MarketPullback #Binance #Bitcoin