BTC Back To 60K Support Region, Ether ETF Remains Bullish Catalyst: QCP

The post BTC Back To 60K Support Region, Ether ETF Remains Bullish Catalyst: QCP appeared first on Coinpedia Fintech News

QCP in its weekend brief noted that an onslaught of bearish headlines throughout the week has taken BTC back down to the 60k support region. The market has to deal with overwhelming supply from the Mt. Gox unlocks and the selling by government bodies. In its view, the scary supply numbers are probably overstated, and the market will grind sideways in a range. The ETH spot ETF remains a bullish catalyst which is likely to start trading in early July. Additionally, spot ETFs for other majors like SOL will also trigger some excitement.