QCP Capital: Bitcoin will fluctuate between $61,000 and $70,000 until the fourth quarter

Singaporean crypto investment firm QCP Capital stated that BTC has comfortably returned to the familiar range of 61,000 to 70,000 US dollars, with selling supply slowly decreasing. Spot ETFs have seen net inflows on 10 out of the past 12 days. Similar to last night, cryptocurrencies seem to be looking for a narrative to break through this bullish flag that has lasted for several months. Although Nvidia's financial report next week and the interest rate cut in September are significant, spot prices will continue to fluctuate within this range until the fourth quarter. QCP Capital still believes that the U.S. election and seasonal bullish factors could potentially serve as catalysts for setting new historical highs.