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Bitwise's Matt Hougan stated that Bitcoin will outperform all major asset classes, delivering annualized returns of 28.3% over the next decade. He also predicted that BTC's volatility would drop to 32.9% over the same period $BTC
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The White House’s crypto policy report is set to drop on July 30.
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$BTC Bitcoin is holding onto the $118,000 short-term support but is staying below the pivotal resistance at $120,000. The Relative Strength Index (RSI) in the spot market has cooled from overheated levels to a bullish 62. Glassnode's Weekly Market Pulse report highlights that "spot volume remains elevated, suggesting continued market engagement and demand resilience." As for the derivatives market, the futures contracts Open Interest (OI) remains elevated at the highest level this year. CoinGlass data shows that Open Interest averaged $86.82 billion on Wednesday, up from $45.72 billion, the lowest level recorded in March. A bullish outcome could follow a potential breakout above $120,000, with bulls setting their sights on the record high of $123,218 and the next major milestones at $125,000 and $130,000. #BTC🔥🔥🔥🔥🔥
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