{"id":27750,"date":"2024-08-27T02:00:06","date_gmt":"2024-08-26T23:00:06","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27750"},"modified":"2024-08-26T23:59:00","modified_gmt":"2024-08-26T20:59:00","slug":"qcp-highlights-two-key-metrics-for-bitcoin-price-sets-a-target-range","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/qcp-highlights-two-key-metrics-for-bitcoin-price-sets-a-target-range\/","title":{"rendered":"QCP Highlights Two Key Metrics for Bitcoin Price, Sets a Target Range"},"content":{"rendered":"<p>According to the investment firm QCP, the outlook for Bitcoin bulls may have shifted in the medium term.<\/p>\n<p>In a recent report shared by QCP, it was noted that there has been significant pressure on call spread purchases following the Jackson Hole symposium. Additionally, there has been a notable increase in call options selling, particularly for March 2025 contracts with a strike price of $100,000.<\/p>\n<p><strong>Has the $100,000 Bitcoin Target Been Delayed?<\/strong><\/p>\n<p>QCP analysts suggest that this trend indicates the market is still optimistic about a price surge, but it might not expect such movement to occur in the near term.<\/p>\n<p>While Bitcoin and <a href=\"https:\/\/coinengineer.net\/blog\/ethereum-foundations-96-million-eth-transfer\/\">Ethereum<\/a> prices have risen, their volatility suggests a stronger preference for put options over call options until October. This could imply that the market is well-prepared for a move in this direction and has started locking in profits by selling calls.<\/p>\n<p>QCP stated, &#8220;Although prices have indeed moved upwards, volatility indicators reveal a sense of hesitation within the market. With front-end volatility declining, it seems likely that Bitcoin&#8217;s spot price will fluctuate between $62,000 and $67,000 in the short term.&#8221;<\/p>\n<p>This week, Nvidia&#8217;s earnings report on Wednesday, August 28, and the U.S. PCE data on Friday, August 30, will be released. QCP has indicated that it does not expect any surprises from these upcoming data points.<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube\u00a0<\/strong><\/a>and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to the investment firm QCP, the outlook for Bitcoin bulls may have shifted in the medium term. In a recent report shared by QCP, it was noted that there has been significant pressure on call spread purchases following the Jackson Hole symposium. Additionally, there has been a notable increase in call options selling, particularly<\/p>\n","protected":false},"author":1,"featured_media":25480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[61,105,6847,7980],"class_list":["post-27750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-ethereum","tag-qcp","tag-u-s"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>QCP Highlights Two Key Metrics for Bitcoin Price, Sets a Target Range - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/qcp-highlights-two-key-metrics-for-bitcoin-price-sets-a-target-range\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"QCP Highlights Two Key Metrics for Bitcoin Price, Sets a Target Range - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to the investment firm QCP, the outlook for Bitcoin bulls may have shifted in the medium term. 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