QCP Analysts Say There Are Rally Signals in Bitcoin LONG

While investors are trying to cope with the downward trend that has been going on for more than a month, Bitcoin is trying to withstand the German government's sales.

At this point, while analysts generally predict that the bottom may have come in Bitcoin or may come as soon as possible, an assessment came from Singapore-based crypto company QCP Capital.

Analysts stated that the market initially faltered in the face of Mt.Gox and the German government's Bitcoin sales, but then quickly recovered, listing the bullish signals.

At this point, he showed spot Bitcoin ETF entries as the first signal.

Stating that institutional investors increased their dip purchases, QCP analysts said that this situation was supported by strong spot BTC ETF inflows.

Analysts, who showed the purchase of BTC from exchanges in response to the sales of the German government as the second bullish signal, stated that less Bitcoin entered the market.

Finally, analysts stated that Bitcoin and Ethereum made higher bottoms this week after the sharp declines last week, and that the bottoms were purchased aggressively, and that these purchases were a bullish signal.