According to BlockBeats, on May 15, cryptocurrency market maker QCP Capital released its latest market report. The report highlighted several positive developments in the cryptocurrency market. Wisconsin state purchased a BlackRock Bitcoin spot ETF worth $100 million. Additionally, Vanguard, the second-largest asset management company in the US, appointed pro-crypto Salim Ramji, a former BlackRock executive, as its new CEO, indicating a potential issuance of a Bitcoin ETF soon.
Despite these developments, the price of Bitcoin continues to fluctuate in the range of $60,000 to $63,500. QCP Capital believes that the market's expectation of cooling inflation, interest rate policies, and sovereign recognition will continue to support Bitcoin. They suggest that investors could buy at low levels during pullbacks and provided two accumulation option strategies. The first strategy is to buy at $56,500 if the BTC price falls below $70,000 within the next 12 weeks. The second strategy is to buy at $56,000 if the BTC price falls below $80,000 within the next 20 weeks.