QCP Capital: Supported by multiple positive factors, continue to buy BTC at low levels

BlockBeats news, on May 15, crypto market maker QCP Capital released its latest market report. The report pointed out that there have been several good news recently: Wisconsin purchased $100 million worth of BlackRock Bitcoin spot ETF; Vanguard, the second largest asset management company in the United States, appointed former BlackRock executive and pro-crypto Salim Ramji as the new CEO, and may soon issue a Bitcoin ETF. Despite this, the price of Bitcoin is still fluctuating in the range of $60,000-63,500.

QCP Capital believes that the market expects inflation to cool down, and multiple factors such as interest rate policy and sovereign recognition will continue to support Bitcoin. It is recommended that investors buy low during the callback and give two accumulation option strategies: 1) In the next 12 weeks, as long as the BTC price is below $70,000, buy it at $56,500; 2) In the next 20 weeks, as long as the BTC price is below $80,000, buy it at $56,000.