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Cryptocurrency research firm QCP Capital has provided insight into recent price movements and broader market dynamics in its latest market analysis.
According to QCP, the crypto market experienced a sharp decline yesterday, with over $100 million worth of Bitcoin (BTC) and Ethereum (ETH) positions liquidated on exchanges. Despite the pullback, both BTC and ETH are trading comfortably above key support levels of $95,000 and $3,200, respectively.
QCP noted that backend volatility remains high, indicating increasing expectations for significant market moves. However, Bitcoin is likely to trend sideways through December, with market attention shifting to Ethereum in the near term. ETH risk reversals continue to support short-term call options, indicating strong interest in potential ETH price gains, while BTC call options are only gaining traction on December 27 and beyond.
“Even with consistently strong spot ETF inflows and impressive IBIT options skewed in favor of buying, BTC appears to be fighting an uphill battle given the massive 100K sell wall,” the analysis said.
Related News: <a href="https://en.bitcoinsistemi.com/what-will-be-the-case-for-ethereum-eth-market-maker-company-shares-latest-details/" target="_blank" rel="noopener noreferrer nofollow">What Will Be the Case for Ethereum (ETH)? Market Maker Company Shares Latest Details</a>
Adding excitement to the market, MicroStrategy founder Michael Saylor hinted at plans to buy more Bitcoin. QCP noted that MicroStrategy’s past purchases acted as significant catalysts, especially during Bitcoin’s post-election boom. The market is now eagerly waiting to see if another major purchase could send BTC past six figures.
“If that happens, we wouldn’t be surprised to see BTC rally and altcoins take a backseat for a while longer,” QCP said.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analytics-company-evaluates-the-market-bitcoins-100000-target-and-the-possibility-of-an-altcoin-rally/" rel="noopener noreferrer nofollow">Analytics Company Evaluates the Market, Bitcoin’s $100,000 Target and the Possibility of an Altcoin Rally</a>

Analytics Company Evaluates the Market, Bitcoin’s $100,000 Target and the Possibility of an Altcoin Rally

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