Leading cryptocurrency Bitcoin While experiencing an unstoppable rally in recent days, the new ATH was reached by exceeding $ 72,000.
At this point investors BTCWhile he is pleased with the rise of , he also wonders whether the rally will continue.
At this point, Singapore-based cryptocurrency company QCP Capital evaluated Bitcoin and Ethereum in its new report.
Analysts pointed out that BTC and ETH reached new peaks of 72,944 and 4,094, respectively, tonight. ETH He said he was less optimistic about
Because, according to reports published yesterday, the probability of approval of a spot Ethereum ETF has started to be priced at a probability of 35%. At this point, analysts stated that the risk for ETH in the next 1-2 months has begun to reverse, that is, sales against purchases have increased, and that the situation is relatively less optimistic for the ETH price.
With the recent rise of BTC, it has exceeded the market value of Silver“Digital Gold” QCP Capital analysts stated that BTC is one step closer to becoming one step closer and said that the futures market continues to show an increase in BTC.
Analysts also stated that they are wary of another collapse in Bitcoin, stating that funding rates could reach high levels again. At this point, analysts say, “Even if there is a decrease, we expect the decreases to be compensated very quickly and BTC to recover very quickly.” said.
” Tonight BTC and ETH reached new highs of 72,944 and 4,094 respectively.
BTC has now surpassed the market value of Silver and is one step closer to becoming the true “Digital Gold”.
Futures volumes and calls continue to express bullishness in BTC.
As the market began pricing spot ETH ETFs with a relatively low probability (35%), reversals in the 1-2 month risk on Ethereum began. (That is, buying versus selling started to increase.) That’s why things are less optimistic for ETH.”
QCP Capital said in their analysis dated February 15 that they expected the BTC price to reach at least $ 70,000 before the halving and by the end of March. Bitcoin exceeding $70,000 shows that analysts were successful in their predictions.
*This is not investment advice.
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