QCP Capital analysts observed that Bitcoin is showing a consolidation pattern as institutional demand remains strong. Bitcoin (BTC) market activity was active last week, and QCP market strategists noted that Bitcoin is trying to break through the previous high of $69,500 before stabilizing at support around $65,000.
According to QCP analysts, Bitcoin's dominance rose to 59.75%, with net inflows reaching $997.70 million, reflecting strong interest from institutional investors. However, Ethereum (ETH) fell 5.85% against BTC, indicating that market focus remains on Bitcoin as it approaches all-time highs.
QCP Capital analyst: Bitcoin shows consolidation pattern as institutional demand remains strong
2024-10-27 17:25:51
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