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Cryptocurrency platform QCP Capital made negative comments about the rapid rise of Bitcoin.
Two weeks ago, QCP Capital predicted that Bitcoin (BTC) would reach an all-time high (ATH) by the end of March. Now the company has announced a new analysis.
Additionally, according to the company, BTC could reach the ATH level of 69,000 dollars earlier than expected. However, it noted that funding rates are a major obstacle. Therefore, the BTC price could drop back to 50 thousand dollars.
Moreover, according to analysts, serious investments coming into Bitcoin ETFs and the occurrence of the halving cycle indicate that the upward trend will continue.
In addition to this, analysts said it is more appropriate for investors making spot purchases to make purchases in the bottom accumulation zones.