QCP Capital: Bitcoin to Fluctuate Between $61,000 and $71,000 in the Short Term
QCP Capital has released an analysis that suggests bitcoin will fluctuate between $61,000 and $71,000 in the near term, especially with dealers holding a large number of options at the July 26 $67,000 strike price, as the market is clearly betting on a breakout ahead of the U.S. elections. Even though spot prices fell overnight, QCP Capital still saw significant institutional interest in the December $100,000 calls. This suggests greater confidence in a year-end rally in the market as the odds of a Trump victory increase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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