According to PANews, Singapore-based crypto investment firm QCP Capital published a statement saying that BTC has easily returned to the familiar range of $61,000 to $70,000, the selling supply is slowly decreasing, and spot ETFs have seen net inflows in 10 of the past 12 days.

Despite the significance of Nvidia’s earnings report next week and the September rate cut, spot prices will continue to fluctuate in this range into the fourth quarter.

QCP Capital still believes that the U.S. election and seasonal bullish factors could be catalysts for new all-time highs.