BTC Expected To Trade In $58,000-$65,000 Range As Supply Scarcity Looms
CryptoNewsTerminal Staff30 Aug, 2024
BTC Expected To Trade In $58,000-$65,000 Range As Supply Scarcity Looms
Cryptocurrency trading firm QCP Capital recently shared via their official Telegram channel that the upcoming US Non-Farm Payrolls data may provide clues regarding the Fed's potential rate cuts in Q4. However, given the limited impact of recent macro news on crypto markets, QCP Capital believes Bitcoin (BTC) is likely to remain within a trading range of $58,000 to $65,000 in the near future due to looming supply scarcity.