❗️ QCP Capital predicts $BTC to reach $74,000 soon
🏢 Analysts at QCP Capital stated they anticipate the price of $BTC to reach $74,000 in the near future. This forecast is driven by yesterday's report on the Consumer Price Index (CPI) in the USA, which led to an increase in risk assets.
🔍 Experts point to the rising number of buyers of call options at $100-$120 thousand for December 2024, as well as the increasing institutional demand for $BTC. Specifically, Millennium and Schonfeld companies have invested approximately 3% and 2% of their shares in the spot Bitcoin ETF respectively.
🗣 "It seems the stars have aligned for this breakthrough, despite significant sovereign and institutional adoption, inflation decreases, and future US elections," summed up QCP Capital.
