Bitcoin shows 'signs of exhaustion' as Q1 BTC price gains near 70%

While there are reasons to be "very bullish" on Q2, the sheer speed of the Bitcoin and crypto bull market may be cause for concern, says QCP Capital.

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Bitcoin (BTC) risks “exhaustion” as it nears the end of Q1, 2024 with 65% BTC price gains.

In an update sent to Telegram channel subscribers on March 29, trading firm QCP Capital warned that “exponential” upside could pose a problem next quarter.

Bitcoin market observers are firmly focused on the weekend as several key candles — the weekly, monthly and quarterly — close at once.

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