Bitcoin
Bitcoin (BTC)
$58,673.00 0.68143
Bitcoin price
Ethereum
Ethereum (ETH)
$3,151.57 0.48325
Ethereum price
BNB
BNB (BNB)
$531.35 -0.5278
BNB price
Solana
Solana (SOL)
$139.74 0.71955
Solana price
XRP
XRP (XRP)
$0.5353690 15.52273
XRP price
Shiba Inu
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$0.0000172 4.37909
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Pepe
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$0.0000087 -2.26196
Pepe price
Bonk
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$0.0000224 -2.1849
Bonk price
Bitcoin
Bitcoin (BTC)
$58,673.00 0.68143
Bitcoin price
Ethereum
Ethereum (ETH)
$3,151.57 0.48325
Ethereum price
BNB
BNB (BNB)
$531.35 -0.5278
BNB price
Solana
Solana (SOL)
$139.74 0.71955
Solana price
XRP
XRP (XRP)
$0.5353690 15.52273
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 4.37909
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -2.26196
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -2.1849
Bonk price
Bitcoin
Bitcoin (BTC)
$58,673.00 0.68143
Bitcoin price
Ethereum
Ethereum (ETH)
$3,151.57 0.48325
Ethereum price
BNB
BNB (BNB)
$531.35 -0.5278
BNB price
Solana
Solana (SOL)
$139.74 0.71955
Solana price
XRP
XRP (XRP)
$0.5353690 15.52273
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 4.37909
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -2.26196
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -2.1849
Bonk price
Bitcoin
Bitcoin (BTC)
$58,673.00 0.68143
Bitcoin price
Ethereum
Ethereum (ETH)
$3,151.57 0.48325
Ethereum price
BNB
BNB (BNB)
$531.35 -0.5278
BNB price
Solana
Solana (SOL)
$139.74 0.71955
Solana price
XRP
XRP (XRP)
$0.5353690 15.52273
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000172 4.37909
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000087 -2.26196
Pepe price
Bonk
Bonk (BONK)
$0.0000224 -2.1849
Bonk price

QCP Capital sets new deadline for BTC’s all-time-high

qcp-capital-sets-new-deadline-for-btcs-all-time-high
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QCP Capital sets new deadline for BTC’s all-time-high

Analysts at QCP Capital believe that BTC’s capitulation to $50,000 will continue its upward trend through to March 2024.

BTC has again broken above the $50,000 level for the first time in over two years, an upward trend some an analysts expect will continue through March 2024.

The move comes from impressive inflows from BTC spot ETFs of around $500-650 million per day, amounting to 10,000-13,000 BTC being purchased daily.

Noting such trends, analysts expect these inflows to continue as global liquidity moves into spot ETFs.

“With the likes of Fidelity announcing a 1-3% cryptocurrency allocation in their All-in-One conservative ETF, the crypto asset class is now front and center for mainstream investors.”

QCP Capital analysts

In addition to spot inflows, there has been massive buying of BTC call options, analysts at QCP Capital points out. This week, about $10 million was spent on insurance premiums for 60,000-80,000 strikes, which expire from April to December.

“On the back of these flows, BTC can easily break all-time highs by the end of March”

QCP Capital analysts

At the beginning of the week, the price of Bitcoin for the first time since December 2021 exceeded the $50,000 mark. BTC then broke through the $52,000 level on Feb. 14, according to CoinMarketCap data.

QCP Capital sets new deadline for BTC's all-time-high - 1
Source: CoinMarketCap