bullish

2024

Better

Bitcoin

when

The cryptocurrency market needs a more significant catalyst than former US President Donald Trump's Bitcoin 2024 speech to trigger a major breakout, according to QCP Capital analysts.
“Trump's speech reflected the industry's expectations, but the market may need a more significant catalyst for a big breakout. This catalyst could occur closer to the US elections, when promises and policies are more clearly defined,” they commented.
Despite Trump's upbeat remarks at a conference in Nashville on Saturday, Bitcoin failed to surpass its all-time high, leading analysts at QCP Capital to suggest BTC could continue trading in a range.
Related News: <a href="https://en.bitcoinsistemi.com/developer-of-this-altcoin-sold-his-tokens-for-5169x-profit/" target="_blank" rel="noopener noreferrer nofollow">Developer of This Altcoin Sold His Tokens for 5,169x Profit</a>
In addition, Bitfinex analysts noted that there has been a recent decrease in the implied volatility of options in the Bitcoin market and an increase in leveraged positions, indicating that BTC may remain in a range in the short term.
However, they highlighted the potential for loosening monetary policy as a factor that could support Bitcoin's price and create bullish momentum.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-market-needs-something-better-than-trump-to-rally-qcp-analysts-say-share-their-views/" rel="noopener noreferrer nofollow">“The Market Needs Something Better Than Trump to Rally,” QCP Analysts Say, Share Their Views</a>

“The Market Needs Something Better Than Trump to Rally,” QCP Analysts Say, Share Their Views

Bitcoin Sistemi EN

Altri articoli pubblicati su 29 lug 2024

AIOZ Price Prediction: Breakout Rally in AIOZ Network Eyes $8

WadzPay Announces WTK Token Listing on Tier-1 Crypto Exchange MEXC, Will Binance be Next?

Is XRP on Verge of Another 'Golden Cross?'

Rho Markets Hit by $7.5M Hack, Attackers Demand Admission of Oracle Error for Fund Return

Solana's Solend Rebrands to Save and Launches Dumpy.fun for Shorting Memecoins

US Govt To Sell Entire Bitcoin Holdings, Peter Schiff Warns

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!