Singapore-based crypto investment firm QCP Capital has projected that Bitcoin (BTC) will trade within a range of $61,000 to $70,000 as it approaches the fourth quarter. The firm notes that selling pressure is gradually decreasing, and there have been net inflows into spot ETFs for 10 of the past 12 days.
QCP Capital also highlights that significant upcoming events, such as Nvidia’s earnings report and the anticipated September rate cut, will likely keep BTC prices fluctuating within this range. However, the firm remains optimistic that the U.S. election and seasonal bullish factors could drive Bitcoin to new all-time highs later this year.
