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$70K next for Bitcoin? China joins Fed in ‘huge macro event’

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K next for Bitcoin? China joins Fed in ‘huge macro event’
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Source: Coin Telegraph

Bitcoin traders are getting divisive, while BTC price action bides its time as more central bank policy easing is announced.

Bitcoin (BTC) stands to win big thanks to macroeconomic liquidity driven by both the United States and China, traders say.

In its latest bulletin to Telegram channel subscribers, trading firm QCP Capital joined voices calling for BTC price gains on the back of a “pivotal moment” for markets.

Bitcoin is in line to enjoy a period of easy liquidity and risk-on appetite thanks to global central bank monetary policy easing, QCP Capital believes.

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Author: William Suberg

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