CandleFocus Watch Out This Week in Bitcoin! These Two Critical Events Could Affect the Price!
2024-09-09
Author: Content Editor
Singapore-based cryptocurrency company QCP Capital has highlighted two important events this week that could impact the cryptocurrency market: the Donald Trump and Kamala Harris encounter and the US CPI-PPI data. Analysts have warned of volatility and risk reversals for Bitcoin (BTC) and Ethereum (ETH), indicating concerns about potential declines. However, QCP Capital notes that long-term investor sentiment remains bullish, with the options market suggesting a positive outlook for BTC from early 2025 onwards. Additionally, large buyers have purchased BTC call options for March 2025 at various expiration prices. Market participants are expecting volatility this week, particularly surrounding the Trump-Harris debate and CPI data release. Despite short-term bearish expectations, some institutions are seizing this dip as an opportunity to increase their bullish bets for December and March.
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