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QCP: Bitcoin is expected to trade in the fourth quarter in the 80000 to 90000 USD range

PANews October 8 reported, citing The Block, that QCP Capital the fourth-quarter outlook said the base case for Bitcoin was trading in the 80000 to 90000 USD range, with the 80000 to 82000 USD range identified as a buying zone; if ETF inflows do not recover, positions can be reduced around 88000 to 90000 USD. If ETF inflows continue, the Federal Reserve pauses rate hikes, and the 《CLARITY Act》 makes progress, Bitcoin could break above 100000 USD; if conflict in the Middle East drives up oil prices and leads the Federal Reserve to raise rates, or if ETF outflows re-emerge, it could fall below 68000 USD。

Source: https://www.panewslab.com/zh/articles/01a11c0c-7709-74ce-bc54-be7a70a31be4