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QCP Capital: Bitcoin will fluctuate between $61,000 and $71,000 in the short term

QCP Capital: Bitcoin will fluctuate between $61,000 and $71,000 in the short term

Cointime2024/07/19 10:04
By: Cointime
BTC-2.04%

 QCP Capital released an analysis report indicating that Bitcoin will fluctuate between $61,000 and $71,000 in the short term, especially with dealers holding a large number of options with a strike price of $67,000 on July 26, and the market is clearly betting on a breakthrough situation before the US election. Even if the spot price drops overnight, QCP Capital still sees a lot of institutional interest in call options with a strike price of $100,000 for December. This indicates that as the probability of Trump's victory increases, confidence in the rebound of the year-end market becomes stronger.

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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