QCP Capital: Bitcoin will fluctuate between $61,000 and $71,000 in the short term

ChainCatcher news, QCP Capital released an analysis report indicating that Bitcoin will fluctuate between $61,000 and $71,000 in the short term, especially as dealers hold a large number of options with a strike price of $67,000 expiring on July 26, with the market clearly betting on a breakout before the U.S. elections. Even though the spot price dropped overnight, QCP Capital still sees significant institutional interest in $100,000 call options for December. This suggests that as the likelihood of a Trump victory increases, confidence in a year-end market rebound is becoming stronger.