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

Andere artikelen gepubliceerd op 29 jul 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?

Bitcoin Eyes $70,000: Key Economic Updates That Could Propel Its Rise

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Trump Fuks Kamala Solana Memecoin Will Surge 19,000%, While BTC Trades Sideways

$2.2 Billion Flows into Ethereum ETFs in the Past Week, Coinshares Reveals

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!