QCP: Bitcoin oscillates in the short-term range of $90000 to $94500, waiting for a catalytic event to break through $100000

BlockBeats news, on April 25th, QCP Capital analysis pointed out that President Trump suspended criticism of Federal Reserve Chairman Powell this week and promised to significantly reduce the high tariffs on Chinese goods by 145%, leading to a rebound in market sentiment. Bitcoin rose in response, reaching as high as $94500 for the fifth consecutive day and briefly surpassing Google's parent company Alphabet to become the fifth largest asset in the world. Institutions continue to increase their investment, further consolidating the market value position of Bitcoin. The active trading of call options worth $95000 indicates that the market is betting on a further upward trend. The current market sentiment is overheated and may fluctuate within the range of $90000 to $94500 in the short term, waiting for a catalytic event to break through $100000.