• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: “Golden” Opportunity for Bitcoin Based on 90 Thousand! QCP Capital Shared Focus Levels!
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Bitcoin and BTC > “Golden” Opportunity for Bitcoin Based on 90 Thousand! QCP Capital Shared Focus Levels!
Bitcoin and BTC

“Golden” Opportunity for Bitcoin Based on 90 Thousand! QCP Capital Shared Focus Levels!

vitalclick
Last updated: November 12, 2024 4:43 pm
5 months ago
Share
SHARE

While gold has lost 5 percent in value since the 2024 US Presidential elections Bitcoin (BTC) $88,102 experienced a 30 percent increase. According to QCP Capital analysts, the situation shows that investors’ interest in Bitcoin, defined as “digital gold”, has increased. While capital is shifting from traditional safe havens, especially gold, to Bitcoin, this trend is considered a structural change.

Bitcoin’s Market Value Is Increasing RapidlyInvestors Are Focused on the $110 Thousand and $120 Thousand Levels

Bitcoin’s Market Value Is Increasing Rapidly

Bitcoin’s market value reaches $1.73 trillion silverexceeded the value of fame. However, it is far behind the $17.5 trillion gold market. QCP Capital analysts say that if a 1 percent capital flow from gold goes to Bitcoin, it will be the biggest cryptocurrencyHe predicts that its value may rise up to 97 thousand dollars.

While this situation brings a great opportunity to the table for investors, it is considered a factor that strengthens Bitcoin’s “digital gold” narrative.

QCP Capital analysts see the current movement in the price of the largest cryptocurrency as a sign that capital flows are changing direction. Analysts noted that gold has begun to lose its former appeal as a safe haven and that this has a positive impact on Bitcoin.

Investors Are Focused on the $110 Thousand and $120 Thousand Levels

While Bitcoin was trading just below the critical $90,000 level, the premium on futures at the end of November exceeded 18 percent. This rise increased investors’ demand for positions at higher levels. Especially the interest in long (call options) at the level of 110 thousand and 120 thousand dollars is remarkable. This shows that investors are preparing for a possible upward move by demanding more margin and leverage.

With current data, Bitcoin is trading at $87,100 with an increase of 6.03 percent in the last 24 hours. biggest cryptocurrency‘s market value is at the level of 1.72 trillion dollars.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

You Might Also Like

Bitcoin and Russell 2000! JPMorgan explained the back of the surprising relationship!

370 million dollars shock in Bitcoin! Investors escape despite the US reserve plan

Bullish Tips from Bitcoin Analyst Kevin Svenson

After the decrease in Nasdaq 100, the bottom interpretation of the analyst for Bitcoin: action should be taken immediately!

Strategy’s Bitcoin Investments and Latest Status

TAGGED:BitcoinBTC
Share This Article
Facebook Twitter Email Print
Previous Article Let the Preparations Begin! Analyst Expects a Boom in Bitcoin and These 3 Altcoins!
Next Article Breaking News: Analyst Said It Will Be 1 Dollar, Now That Meme Coin Is Listed
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?