QCP Capital: Bitcoin Will Fall in Early 2023
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According to QCP Capital, the weak activity in the crypto market is a bearish signal for BTC.
The company has predicted that at the beginning of the year, another strong drop in Bitcoin awaits us, as capital will go into US government bonds.
Recall that Bitcoin volatility is now at a two-year low due to the inactivity of most traders. Last night, the BTC price fell to about $16K, the cryptocurrency has been trading in a narrow range since mid-December.
The dollar will begin to strengthen again, and risky assets will become less attractive to investors. According to QCP Capital analysts, the negative might dominate the crypto market until the spring of 2023.
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