According to traders at QCP Capital, the recent surge in Bitcoin’s price following the US election could mean big things for the cryptocurrency. In a Telegram update, the traders stated that they believe Bitcoin could hit $100,000 to $120,000 in the near future.
The traders at QCP Capital attribute this potential price increase to the underlying strength of Bitcoin, which they see as a sign of a larger shift in the market. They believe that investors are anticipating a return to office for former President Trump, which could further boost Bitcoin’s value.
With the current rally in Bitcoin’s price, many are keeping a close eye on the cryptocurrency market. The potential for Bitcoin to reach new record highs has traders and investors excited about what the future may hold.
