📈 Surge in Bitcoin Retail Addresses
Recently, there has been a significant increase in Bitcoin (BTC) retail addresses, indicating growing positive sentiment.

🚀 New Retail Address Surge Amid Bitcoin Fluctuations
Top market analyst Ali Martinez noted a jump in Bitcoin retail addresses to 352,124, the highest since April. This surge suggests investors are returning to Bitcoin, despite BTC struggling to stay above the $61,000 support zone. Currently trading at $60,881.88, Bitcoin gained 0.5% in 24 hours. Some enthusiasts believe in a bullish reversal, but Bloomberg analyst Mike McGlone cautions about potential normalization and deflation risks.

🔻 Bitcoin Price May Plunge to $50K
QCP Capital highlighted factors that could drop BTC to $50,000. The Mt.Gox payout starting July 1 could increase volatility due to the influx of Bitcoin from the defunct exchange. Additional BTC from U.S. and German government holdings could further impact prices. On-chain analytics firm 10X Research warns of a potential "double top" formation, signaling a possible price drop to $45,000. Amid these bearish trends, QCP Capital sees strong support for Bitcoin at $50,000.