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.
You may also like
A net loss of approximately $555,000 has occurred due to the TENDRIL sell mechanism vulnerability.
UBS cuts around 200 positions in London as Credit Suisse integration enters final stage
UBS has recently implemented a new round of staff reductions in London, cutting around 200 positions over the past few weeks. The bank's integration of Credit Suisse is nearing completion.
Wall Street veteran Yardeni: Cooling inflation is expected, 5% US Treasury bonds are "very attractive"
Ed Yardeni, President of Yardeni Research, stated that with inflation expected to cool down, the yield on the 10-year US Treasury at around 5% looks "very attractive."
Crypto prices
More
