In case of increasing quotations of the American dollar in stock markets, investors will begin to get rid of high -risk assets, including bitcoin, the analysts of the QCP Capital trading company suggested.

According to analysts, the first cryptocurrency lost a bull impulse and stuck in a narrow price range between $ 115,000 and $ 120,000. The market almost does not respond to positive news, including the emergence of normative acts in the United States.

The lack of growth of quotations indicates the depletion of the market and is standard behavior at the late stage of the bull cycle, experts of the trading company suggested. They call the cause of the current situation the rapid growth of bitcoin to $ 116,000, because of which many investors had little time for purchases. As a result, a zone was formed on the market without a strong support of an asset.

At the same time, in the medium -term perspective, the first cryptocurrency retains the opportunity to update the historical maximum, QCP Capital experts are sure. The continuing influx of funds of large corporations can contribute to growth. Companies such as Strategy continue to attract funds for buying bitcoin, which indicates their long -term confidence in Bitcoin’s growth, QCP Capital analysts say.

Earlier, the investment director of Bitwise Asset Management, Matt Hawgan, said that the policy of the US presidential administration Donald Trump, aimed at weakening the national currency, will allow the first cryptocurrency to strengthen its position.