Will new records continue to come in Bitcoin, or has the rally stopped? The analysis company evaluated the latest situation in BTC!

robot
Abstract generation in progress

Bitcoin (BTC) has reached new records after a challenging four months, climbing above 111,000 dollars according to Binance TR data.

While the general expectation in the market is focused on the continuation of the rise in Bitcoin, the Singapore-based cryptocurrency company QCP Capital evaluated the current situation of Bitcoin.

According to this, analysts stating that the upward trend in Bitcoin is strong indicated that the short pullback after the ATH was due to profit-taking, but that upward demand started again quickly.

Analysts stating that the recent BTC rise reflects a solid trend supported by advanced structural fundamentals and relatively low volatility said, "this rally feels structurally stronger than the previous one."

Stating that the options market also points to a rise in Bitcoin, analysts said that after a short-term decline, traders quickly bought calls.

"After BTC's first ATH, it triggered profit-taking and a short-term decline occurred.

However, buyers quickly reloaded upwards. Most importantly, 1,000 call contracts were aggressively purchased at the 130K strike in September.

Analysts indicating that the bull trend continues to persist have added that the institutional Bitcoin bull Strategy's plan to use the 2.1 billion dollar, 10% yielding Perpetual Preferred Stock (STRF) issuance for BTC purchases could be a catalyst that might drive prices even higher.

Despite all this positive atmosphere, analysts still said that broader macro risks continue to remain in play.

At this point, QCP analysts stated that renewed tariff concerns, rising U.S. yields, and a stronger dollar could bring volatility, especially for altcoins.

BTC2.72%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)