One of the important crypto investment companies in the Asian region QCP Capital,Bitcoin $63,953He stated that (BTC) performed above expectations in the third quarter and that the rise seen in September was especially remarkable. Bitcoin gained over 7 percent in September and is currently experiencing one of the strongest Septembers in its history. In a period when investor interest is high, BTC’s future movements are closely followed. It is predicted that a new upward wave may begin, especially if the level of 70 thousand dollars is exceeded.
Bitcoin’s Performance in September Exceeded Expectations
September is the month when the cryptocurrency market generally performs poorly this year. Bitcoin was an exception. Bitcoin made investors happy by gaining more than 7 percent in value in September.
In the statement made by QCP Capital, it was stated that BTC recorded one of the strongest September performances in its history with this rise. This situation created a positive atmosphere in the market, reversing the decline expectations generally experienced during this period. Especially at the end of the third quarter, both stocks and the largest cryptocurrencyThis mobility observed in Turkey also positively affected the general market perception.
Exceeding $70 Thousand Could Trigger a Stronger Rise
QCP Capital made remarkable evaluations about Bitcoin’s movements in the coming period. According to the company’s forecast BTCIt is possible that it will continue to fluctuate at its current levels. Historical data shows that profit taking is common at these levels. However, QCP Capital remains positive on Bitcoin’s medium-term outlook.
According to the company’s evaluation price of bitcoinIf it exceeds the level of 70 thousand dollars, it can be expected to gain a new upward momentum. In this scenario, investors may enter a stronger upward period.
On the other hand, risk appetite in global markets remains at high levels. Especially technology stocksWhile the interest shown in Bitcoin supports the stock markets, it is thought that this situation is also reflected in risky assets such as Bitcoin.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
