Analysis Company Listed the Reasons for the Rise in Bitcoin and Explained Its Expectations!

Bitcoin ve in altcoins While the bloodbath in the past weeks has caused investors to panic, a new wave of rise is now taking place.

at this point BTC As it rose above $65,000, many altcoins also experienced significant increases.

Continuing to expect an increase in the medium term even during the declines experienced QCP Capital’New analysis came from.

Listing the catalysts for the new uptrend, QCP Capital analysts first Fed Chairman Jerome PowellHe cited ‘s statements on inflation and expectations for the first interest rate cut in September.

FED Apart from the German government ending BTC sales and spot Ethereum ETF Analysts also listed the launch expectations, lastly Donald TumpAs Vice President of Bitcoin supporter JD VanceHe also described his selection as another positive catalyst.

“The past 2 weeks have seen market participants panic as Bitcoin fell to $54k and altcoins lost 30% of their value. While there was blood on the streets, we maintained our medium-term bullish view.

Powell has talked in recent communications and interviews about much progress being made in reining in inflation. Markets are now pricing in a 100% chance of a September rate cut!

The BTC sale from the German government has ended and despite the impending distribution of BTC from Mt. Gox, the markets found a strong bid to push BTC above $65,000.

In Ethereum ETFs, analysts predict that trading will begin on July 23.

“Finally, Trump’s selection of JD Vance as Vice President provides another positive catalyst. Vance holds BTC and we expect him to lobby for crypto-friendly regulations if Trump is elected.”

QCP Capital analysts added that they continue to expect bullish sentiment in Bitcoin, Ethereum and the cryptocurrency market.

*This is not investment advice.