QCP Capital: March will be a turning point for Bitcoin

Experts from QCP Capital have reported that bullish sentiment in the cryptocurrency market has nearly disappeared, and until there is confirmation of the creation of a strategic Bitcoin reserve in the US, the dynamics of the leading digital currency will not change. This was reported by the organization's press service.

"Market indicators suggest that traders are optimistic about spring, hoping that by then the situation with industry regulation and the acceptance of Bitcoin as a reserve asset in the US will be clarified," the company said.

Analysts argue that if in a month investors do not receive positive signals from the White House administration about simplifying the legislation, the period of Bitcoin price stagnation could stretch for several months.

Earlier, we wrote that the price of Bitcoin could rise by 15% to $122,000 by the end of January. This forecast was made by Markus Thilen, head of the research department at 10x Research.