ATH Signal for Bitcoin Before Halving from QCP Capital Analysts!

Bitcoin, the leading cryptocurrency, made the move that investors have been waiting for a long time and exceeded $ 52,000.

As the risk appetite among investors increases, the expectation of a new $ATH continues to increase. At this point, Singapore-based cryptocurrency company QCP Capital, which evaluated the performance of Bitcoin, announced its predictions for $ATH.

Amid massive Bitcoin ETF inflows and bullish derivative calls, QCP Capital analysts claimed that the $BTC price could reach an all-time high by the end of March.

Stating that global liquidity has returned to Bitcoin ETFs, analysts said that they expect the $BTC price to reach at least $ 70,000 by the end of March.

“Bitcoin has risen above the $50,000 level again after more than 2 years. This rise came after impressive inflows into spot Bitcoin ETFs of approximately $500-650 million per day, which corresponds to the purchase of 10-13 thousand $BTC per day.

In addition to these spot inflows, there was also a large amount of $BTC call option purchases. This week alone, we have seen close to $10 million in premiums paid for contracts priced at $60-80 thousand that will expire from April to December.

“With the impact of all this option data and $BTC inflows, $BTC could easily break all-time highs by the end of March.”

Bitcoin continues to trade at $52,235 at the time of writing.

📈Options Vol-cast – 15 Feb 24

1/ #$BTC has broken above the 50k level again after more than 2 years. This has been on the back of impressive inflows from the $BTC spot #ETFs of about $500-650m a day, which works out to 10-13k $BTC bought daily.

— QCP Capital (@QCPCapital) February 15, 2024

*This is not investment advice.