Bitcoin ‘big move’ due in July after March $30K push — Latest analysis

QCP Capital: Bitcoin combination “played out perfectly”Bitcoin price has been ranging in between $26,000 and $31,000 since mid-March, but analysts are increasingly calling time on the sideways action.QCP Capital is amongst them, predicting a change of course as quickly as the end of the month.This, it argues, is thanks to the United States debt ceiling “sideshow” disappearing, leaving Bitcoin closely imitating its consolidation and breakout stage from 2020.”For QCP, the rate levels might be different, but the underlying habits is the exact same in 2023 as at the start of the COVID-19 pandemic.Back then, the Federal Reserve unleashed a giant $4 trillion worth of liquidity, buoying risk assets and eventually sending Bitcoin to new all-time highs. Source: QCP CapitalBetting on a BTC cost breakoutAs Cointelegraph reported, other signals coming from Bitcoin point to a new paradigm taking over shortly.Related: Bitcoin wicks down to $26.5 K, but trader eyes opportunity for bullish surpriseThese consist of an on-chain metric tracking hodler behavior, which in late May put BTC/USD in a “transition” stage away from “capitulation” and on the method to “bliss.

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