Bitcoin shows ‘signs of exhaustion’ as Q1 BTC price gains near 70%
While there are reasons to be “very bullish” on Q2, the sheer speed of the Bitcoin and crypto bull market may be cause for concern, says QCP Capital.
Bitcoin (BTC) risks “exhaustion” as it nears the end of Q1 2024 with 65% BTC price gains.
In an update sent to Telegram channel subscribers on March 29, trading firm QCP Capital warned that “exponential” upside could pose a problem next quarter.
Bitcoin market observers are firmly focused on the weekend as several key candles — the weekly, monthly and quarterly — close at once.
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