• 34ºc, Sunny

QCP Capital: Bitcoin will fluctuate in the range of 61,000 to 70,000 dollars until the fourth quarter

On August 24th, QC PCapital, a Singapore-based crypto investment institution, published that BTC has easily returned to the familiar range of 61,000 to 70,000 dollars. Sell supply is slowly decreasing, and spot ETFs have seen net inflows in 10 of the past 12 days. Similar to last night, cryptocurrencies seem to be looking to break through the narrative of this bullish flag that has been going on for months. Despite the significance of next week's Nvidia earnings report and September's interest rate cut, spot prices will continue to fluctuate in this range until the fourth quarter. QCP Capital still believes that the US election and seasonal bullish factors could be the catalyst for a record high.