📊 Analysis Company Lists Short-Term Expectations for Bitcoin Price!

The bullish momentum that recently drove Bitcoin to break through $76,000 has weakened.
After a rapid rally, Bitcoin has retraced to the $72,000 level, with Singapore-based analysis firm QCP Capital releasing its latest analysis.
QCP Capital states that Bitcoin is trading in a narrow range between $73,000 and $74,000, affected by macroeconomic and geopolitical uncertainties, particularly the U.S.-Iran conflict.
At this time, QCP Capital believes that Bitcoin lacks the upside momentum to break above recent local highs following the recent rally.
On-chain fund flows indicate buying pressure at the lower end of the range, but spot trading volume remains relatively low.
Analysts point out that although Bitcoin and cryptocurrency markets are under pressure due to this data, losses are relatively limited compared to declines in other macro-sensitive risk assets.
On the other hand, the options market maintains a stable but defensive stance.
Analysts note that the 30-day implied volatility (IV) is maintained at approximately 50% (higher than actual volatility), supporting options sellers.
From a macroeconomic perspective, this week has proven to be extremely important for central banks.
The Federal Reserve announced its decision today in March, followed by the European Central Bank (ECB), Bank of Japan (BOJ), and Bank of England (BOE) on Thursday.
With interest rate decisions approaching, oil prices approaching $100 per barrel have significantly reduced market expectations for Fed policy easing, thus complicating the rate cut issue.
Analysts point out that this means the same thing for cryptocurrency: the interest rate environment has become less supportive rather than more supportive.
In the current environment, Bitcoin is viewed not only as a high-beta risk asset but has also not yet been recognized as a stable safe-haven asset.