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Reading: QCP Capital’s Bold Prediction for Bitcoin! Also Gave a Target!
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EdaFace Newsfeed > Latest News > Bitcoin and BTC > QCP Capital’s Bold Prediction for Bitcoin! Also Gave a Target!
Bitcoin and BTC

QCP Capital’s Bold Prediction for Bitcoin! Also Gave a Target!

vitalclick
Last updated: September 10, 2024 8:13 am
4 months ago
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One of the major crypto investment companies in the Asian region QCP Capitalhas released a new report stating that the cryptocurrency market has stabilized after last week’s wild moves, but caution remains high as implied volatility remains high. The market is currently on alert for major events this week, such as the debate between US Presidential candidates Donald Trump and Kamala Harris and the release of US Consumer Price Index (CPI) data.

Bitcoin Continues to Maintain Bullish ExpectationsThe Company Recommends Using Zero Cost Trading Strategy

Bitcoin Continues to Maintain Bullish Expectations

After last week’s sharp decline, sentiment in the cryptocurrency market shifted towards downside risk and by October Bitcoin (BTC) $55,278.30 And Ethereum (ETH) $2,325.70 The risk has reversed, trending toward put options. This trend suggests that investors are responding to the ongoing uncertainty and are trying to hedge against possible declines in prices. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!

Despite the short-term turbulence and potential for sharp price moves, QCP Capital cryptocurrency market continues to maintain its structurally bullish expectation for. According to the report, many investors have taken advantage of the recent low price levels to take positions expecting a long-term increase.

The company has a strike price of $85,000, $100,000 and $120,000 for BTC with a maturity date of March 28, 2025. call optionsHe highlighted the significant buying interest in the stock, indicating confidence in a major price recovery in the coming years.

The Company Recommends Using Zero Cost Trading Strategy

QCP Capital, BTCZERO cost as a way to efficiently express the bullish outlook on ERKO Seagull The company proposed a trading strategy that uses the structure. The strategy the company proposes involves buying a call option at $70,000 with a target of $100,000 and buying a put option at $42,000, effectively reducing its cost to zero. This strategy offers a potential maximum payout of 239% per year, or $30,000 per BTC, if the spot price is just below $100,000 at expiration. At the time the trading strategy was given, for BTC spot reference priceLet’s add that it is 55 thousand 200 dollars.

QCP Capital’s continued bullish outlook parallels the market’s recent reaction to lows, with significant buying interest emerging as Bitcoin’s price rebounded from the $52,500 level. While it remains unclear whether the market has reached a definitive bottom, the firm added that some institutional investors are looking at the opportunity to increase their bullish positions for December and March maturities.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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