Bitcoin

Bitcoin (BTC) has had an incredible rise in recent days, exceeding $ 89,000 and rising to the $ 90,000 mark. 
While this rise increased investors' expectations of an increase, QCP Capital analysts stated that Bitcoin futures-based returns reached a 7-month peak and leveraged transactions increased. 
Analysts warned investors about a possible correction, stating that futures-based returns historically do not last very long and that such increases are followed by corrections. 
With Bitcoin hovering just below the critical $90,000 level, analysts noted that the base rate at the end of November had exceeded 18%, saying: 
<blockquote> 
 “Increased leverage and high base yields are at 7-month highs. While Bitcoin remains structurally bullish, we caution against any pullbacks, particularly from leveraged liquidations, because historically such increases in base yields have not lasted very long.” 
</blockquote> 
Analysts warned of a pullback due to leveraged positions, but added that there was strong demand in the options market, with significant interest in expiry prices of $110,000 and $120,000. 
<h2 id="bitcoin-could-hit-97-000">Bitcoin Could Hit $97,000!</h2> 
QCP Capital analysts recently noted that Bitcoin solidified the ‘digital gold’ narrative with a 30% increase after the election. 
Analysts noted that Bitcoin has increased by 30% since the US elections, while gold has fallen by 5%, strengthening BTC's role as “digital gold”. 
Analysts have said a 1% reallocation from gold to Bitcoin could send BTC to $97,000 as investor interest and leverage intensify with calls for greater upside potential. 
<blockquote> 
 “Recently, capital has been reallocated from traditional safe havens like gold to BTC. 
 Currently at $1.73 trillion, Bitcoin's market cap recently surpassed silver's but remains well below gold's $17.5 trillion. 
 Even if 1% of the capital flowing from gold into BTC, it could push Bitcoin to around $97,000.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-warns-of-correction-for-bitcoin-as-it-strengthens-against-gold-shares-new-price-predictions/">Analysts Warn of Correction for Bitcoin as It Strengthens Against Gold! Share New Price Predictions!</a>

Analysts Warn of Correction for Bitcoin as It Strengthens Against Gold! Share New Price Predictions!

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