Bitcoin price may reach its all-time high before the end of March 2024. This forecast was made by QCP Capital analysts.
Experts noted that the first cryptocurrency crossed the $50,000 mark for the first time in more than two years. In their opinion, this happened against the backdrop of daily inflows of about $500-650 million into spot Bitcoin ETFs.
“We expect these inflows to continue as global liquidity moves into Bitcoin funds,” the report said.
QCP Capital also drew attention to the massive purchase of call options on Bitcoin. According to experts, this week investors purchased about $10 million worth of call options with strike prices ranging from $60,000 to $80,000 with an expiration period from April to December.
Let us recall that on the night of February 15, 2024, the Bitcoin rate exceeded $52,000. At the time of writing, the asset is trading near $52,200:
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