16-05-2024 21:00 via newsbtc.com

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.Inst
Read more »