Will the Rise in Bitcoin Continue? What’s the Next Goal? Previous Analysts Who Know ATH Announced!

Declining to $60,700 Bitcoin It made a big recovery last night, once again exceeding $70,000.

At the time of writing, it was at $71,200. BTC, increased by 4.6% in the last 24 hours. While this increase was affected by the fact that spot Bitcoin ETFs recorded net positive inflows after the strong outflows they experienced last week, a positive report came from QCP Capital.

At this point, QCP Capital analysts think that the rise in Bitcoin may continue. Because analysts He said BTC may be poised to break all-time highs and move higher towards a psychological target of $100,000.

Analysts believe that Bitcoin’s rise above $ 70,000 will be due to the London Stock Exchange as of May. Bitcoin as well as Ethereum (ETH)He stated that the announcement of the launch of ETNs for BTC and the strong demand for BTC from asset managers.

QCP Capital recently said that unless there is a broader macro risk-off, the next rally for Bitcoin and crypto is inevitable.

“Bitcoin may be about to break all-time highs again and take another step towards the long-awaited $100,000 level.

⁠With news that the London Stock Exchange will begin trading ETN for BTC and ETH in May, BTC rose above $70,000 overnight. There is definitely strong bullish momentum in BTC at this point.

⁠Anecdotally, asset desks of major banks are seeing tremendous demand from clients for BTC spot ETFs. Asset managers also continue to add BTC allocations as ‘portfolio diversifiers’.

“Absent a broader macro risk-off at this point, the next leg up seems inevitable at this point.”

*This is not investment advice.