Analysts, who say the rise in Bitcoin is temporary, shared the reason and expectations for the rise!

Bitcoin And in altcoins While the movement continues BTC Fed continues to rise ahead of the decision.

While investors wonder about the source of the rise in BTC and whether it will continue, cryptocurrency analysis company QCP CapitalNew BTC report came from .

At this point, QCP Capital analysts, who shared their opinions on Telegram, stated that the source of the rise in Bitcoin is Mt. Gox He stated that this was due to rumors that repayments would be postponed to 2024.

Analysts pointed out that the rise in Bitcoin would be short-lived and said that QCP Capital continued its downward trend on BTC.

Because QCP analysts, who discussed the Bitcoin price last week, said that they expected another decline in the near future.

Stating that their target of $ 22,000 is still valid at this point, analysts believe that Bitcoin may drop to $ 22,000 by the end of October.

“A big reason for the recent jump in Bitcoin is Mt. There are rumors that Gox payments will be postponed to 2024.

With only a month left until the scheduled payment date, we believe most people are falling short. And any official announcement will be short-lived, like the surge following the decision in the Grayscale-SEC case announced last August.

However, we expect the increases to decrease rapidly as global risks continue to put pressure on crypto markets in the fourth quarter.”

*This is not investment advice.