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Bitcoin Investors Await a Rise at $62,000 Threshold
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Bitcoin is currently trading at $62,000 levels, while investors are waiting with hope for the expected price increase. The market has been following a sideways trend for over 200 days, and the last quarter of the year may be the last chance to break this process. QCP market experts make some predictions about the future of Bitcoin and altcoins.
While geopolitical tensions, especially the Israel-Iran conflict, create uncertainty in the markets, the strong non-farm payrolls data from the US positively affects the markets. In addition, increasing demand in the options markets reflects positive expectations for the end of the year. Macroeconomic indicators may also support cryptocurrencies during this period.
The most prominent developments are as follows:
Israel-Iran tensions impact on markets
US labor market resilience
Bitcoin's potential above $62,000 and the chance for altcoins to recover
These factors could create a positive market environment for BTC and other cryptocurrencies.
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