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

ChainCatcher message, Singaporean crypto investment firm QCP Capital stated that BTC has easily returned to the familiar range of $61,000 to $70,000, with selling supply slowly decreasing. There have been net inflows on 10 out of the past 12 days for spot ETFs. Similar to last night, cryptocurrencies seem to be looking for a narrative to break through this bullish flag that has persisted for months. Despite the significance of next week's Nvidia earnings report and the interest rate cuts in September, spot prices will continue to fluctuate within this range until the fourth quarter. QCP Capital still believes that the U.S. elections and seasonal bullish factors could act as catalysts for reaching new all-time highs.