QCP Capital Announced: High Demand for Bitcoin to Reach $100,000 by This Date!

Crypto currency option markets anticipate a rise in Bitcoin (BTC) and a fall in Ethereum (ETH).

Crypto trading firm QCP Capital took a look at the data on option markets to evaluate Bitcoin and Ethereum. It was stated that the general atmosphere in the option markets is geared towards a rise in Bitcoin and a downward trend in Ethereum.

QCP Capital pointed out that there is an increasing amount of call options for a $100,000 price level for Bitcoin until December 2024, and a clustering for $2,800 for April 2024 for Ethereum.

The data revealed that there were transactions worth 20,000 Ethereum based on the expectation of $2,800 in April.

The growing perception that the U.S. Securities and Exchange Commission (SEC) will not approve spot Ethereum ETFs in May was among the main reasons for the downward expectation.

QCP Capital had recently stated in another note that $100,000 is quite possible for Bitcoin.