Experts at QCP Capital said that March could be an important month for Bitcoin, and for now traders have adopted a wait-and-see attitude in the market. According to analysts, bullish sentiment among investors has almost disappeared.
Until it becomes known whether a strategic reserve will be created in the first cryptocurrency, the current dynamics of the asset are unlikely to undergo significant changes, analysts believe.
Market indicators indicate that traders are optimistic only about March, expecting that by that time the situation with industry regulation and the adoption of Bitcoin as a reserve asset will finally become clear, noted QCP Capital.
If investors and traders fail to receive positive signals from the new White House administration regarding regulatory simplification, the period of Bitcoin stagnation could drag on for several months, experts suggested.
They believe that despite the uncertainty and correction of the coin, the Bitcoin rate may show a new historical maximum during this year, as well as other assets, including эфириум (ETH).
