Here’s When Bitcoin’s (BTC) Price Could Return to $74K Highs: QCP Capital

QCP Capital has forecasted a bullish momentum that could see bitcoin reach its previous highs of $74,000 in the next few months.

“We expect bullish momentum here that could take us back to the highs of $74,000,” remarked QCP Capital. Analysts at QCP Capital also highlighted favorable market conditions, including sovereign and institutional adoption, easing inflationary pressures, and the anticipation of upcoming U.S. elections, contributing to the potential bull market’s resurgence.

For instance, the Bullish ERKO Seagull for June offers a cost-neutral approach with a maximum payout of $18,000 per BTC if the spot price hovers just under $88,000 at expiry. Similarly, the August Seagull presents a similar risk-reward profile, with a potential payout of $30,000 per BTC if the spot price approaches $100,000 by the expiry date.

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