QCP Capital: predicts that the market will bet on a market breakout in the run-up to the election, with more confidence for a year-end rally
Futures money is back to flat, volatility is fading, and BTC is back in the familiar 61,000 to 71,000 range, where bitcoin has fluctuated throughout the second quarter of the year, predicting that the market will bet on a market breakout on the eve of the U.S. elections, QCP Capital said in a post on its official channel. Even with the lower spot price overnight, there is still greater institutional interest in the December $100,000 calls. This signals greater market confidence in a year-end rally as the likelihood of a Trump victory increases.
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