Bitcoin Price Rally: Singapore Firm QCP Predicts Further Gains

Singapore-based digital asset trading firm QCP anticipates continued upward momentum for Bitcoin, suggesting the cryptocurrency could revisit its previous highs near $74,000. In a message on its Telegram channel, QCP pointed to growing optimism among some market participants, with some Bitcoin buyers calling for prices to reach $100,000 to $120,000 by December 2024. QCP also […]

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Bitcoin Price Rally: Singapore Firm QCP Predicts Further Gains

  • QCP Capital has predicted increased bullish momentum for Bitcoin from its current price.
  • According to QCP, the current rally could take Bitcoin back to the highs of around $74,000.
  • Critical indicators align with significant Bitcoin rally

Singapore-based digital asset trading firm QCP anticipates continued upward momentum for Bitcoin, suggesting the cryptocurrency could revisit its previous highs near $74,000.

In a message on its Telegram channel, QCP pointed to growing optimism among some market participants, with some Bitcoin buyers calling for prices to reach $100,000 to $120,000 by December 2024.

QCP also cited evidence of increasing institutional interest in Bitcoin, noting investments by prominent asset managers like Millennium and Schonfeld. These firms reportedly allocate approximately 3% of their Assets Under Management (AUM) …

The post Bitcoin Price Rally: Singapore Firm QCP Predicts Further Gains appeared first on Coin Edition.