stagnant market Archives - Coin Engineer https://coinengineer.net/blog/tag/stagnant-market/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 03 Jul 2024 18:52:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png stagnant market Archives - Coin Engineer https://coinengineer.net/blog/tag/stagnant-market/ 32 32 QCP Capital Releases Third-Quarter and Year-End Bitcoin Price Predictions https://coinengineer.net/blog/qcp-capital-releases-third-quarter-and-year-end-bitcoin-price-predictions/ https://coinengineer.net/blog/qcp-capital-releases-third-quarter-and-year-end-bitcoin-price-predictions/#respond Wed, 03 Jul 2024 19:30:25 +0000 https://coinengineer.io/?p=24284 After a bearish June, Singapore-based crypto investment firm QCP Capital expects July to bring a general upward trend for Bitcoin (BTC). In their latest report, they highlighted that historically, July has been a bullish month for BTC. Option Market Sentiment Remains Bullish Despite the recent sell-offs, QCP Capital noted that the options market still retains

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]]> After a bearish June, Singapore-based crypto investment firm QCP Capital expects July to bring a general upward trend for Bitcoin (BTC). In their latest report, they highlighted that historically, July has been a bullish month for BTC.

Option Market Sentiment Remains Bullish

Despite the recent sell-offs, QCP Capital noted that the options market still retains a bullish bias, indicating that the market is still anticipating a year-end rally. This aligns with the observation of significant buying interest in 100k-120k long-term options by options traders.

QCP Capital Anticipates Stagnant Third Quarter Due to Mt. Gox Uncertainties

Looking ahead, QCP Capital analysts predict a stagnant third quarter for BTC due to uncertainties surrounding the potential release of Bitcoin from the Mt. Gox bankruptcy estate. They believe that the market will remain cautious until the Mt. Gox situation is resolved.

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