QCP Capital Sees Bitcoin Reclaiming $74K Highs – Here’s Why BTC Could Continue Its Rally

QCP Capital Sees Bitcoin Reclaiming $74K Highs – Here’s Why BTC Could Continue Its Rally


QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly.

This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets.

The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers.

Trending: Classic American Restaurant’s Shares Plummet 20% After CEO’s Painful Admission – ‘We’re Just Not As Relevant’

Institutional Inflows And Market Indicators Point To A Bitcoin Bullish Trend

In a detailed analysis shared through their Telegram channel, QCP Broadcast, the firm stated: “We expect bullish momentum here that could take us back to the highs of 74k.”

Substantial institutional interest in Bitcoin supports this sentiment, as large asset

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!