{"id":17482,"date":"2024-10-03T11:57:18","date_gmt":"2024-10-03T08:57:18","guid":{"rendered":"https:\/\/forklog.com\/en\/qcp-capital-predicts-bitcoin-may-drop-to-55000-amid-geopolitical-tensions\/"},"modified":"2024-10-03T11:57:18","modified_gmt":"2024-10-03T08:57:18","slug":"qcp-capital-predicts-bitcoin-may-drop-to-55000-amid-geopolitical-tensions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/qcp-capital-predicts-bitcoin-may-drop-to-55000-amid-geopolitical-tensions\/","title":{"rendered":"QCP Capital Predicts Bitcoin May Drop to $55,000 Amid Geopolitical Tensions"},"content":{"rendered":"<p>Despite escalating geopolitical tensions in the Middle East, investor sentiment remains positive, according to QCP Capital.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"QCPbroadcast\/1331\" data-width=\"100%\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Geopolitics [&#8230;] may capture attention, but the shallow sell-off following the conflict&#8217;s escalation suggests the market still favours risk assets. This minor setback should not distract from the bigger picture,&#8221;<\/em> the experts noted.<\/p>\n<\/blockquote>\n<p>Analysts warned that further deterioration in the Middle East situation could push Bitcoin below $60,000, potentially down to $55,000.<\/p>\n<p>QCP Capital highlighted the People&#8217;s Bank of China&#8217;s stimulus measures aimed at supporting the economy.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;A liquidity surge and potential fiscal support will boost valuations in China, and bullish sentiment will spread globally across all risk assets, including cryptocurrencies,&#8221;<\/em> they added.<\/p>\n<\/blockquote>\n<p>Experts also noted the &#8220;dovish&#8221; tone of Federal Reserve Chair <span data-descr=\"Federal Reserve System of the USA\" class=\"old_tooltip\">Jerome Powell<\/span>&#8216;s speech on September 30.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We expect asset prices to remain supported as both the Fed and the People&#8217;s Bank of China have entered an aggressive rate-cutting cycle,&#8221;<\/em> they stated.<\/p>\n<\/blockquote>\n<p>Technical analyst Peter Brandt observed that the recent Bitcoin rally did not disrupt the seven-month sequence of lower highs and lower lows.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The recent rally in Bitcoin did NOT disturb the 7-month sequence of lower highs and lower lows. <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a><br \/>Only a close above 71,000 confirmed by a new ATH will indicate that the trend from the Nov 2022 low remains in force <a href=\"https:\/\/t.co\/lFO9A20VPD\">pic.twitter.com\/lFO9A20VPD<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1841270939901911145?ref_src=twsrc%5Etfw\">October 2, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Only a close above $71,000, confirmed by a new <span data-descr=\"all-time high\" class=\"old_tooltip\">ATH<\/span>, will indicate the relevance of the [bullish] trend from the November 2022 low,&#8221;<\/em> the expert emphasized.<\/p>\n<\/blockquote>\n<p>Earlier, 10X Research predicted a swift move of digital gold prices towards $70,000.<\/p>\n<p>As reported in CryptoQuant, the growth in stablecoin capitalization in August-September could extend the upward trend of Bitcoin and other major cryptocurrencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite escalating geopolitical tensions in the Middle East, investor sentiment remains positive, according to QCP Capital. &#8220;Geopolitics [&#8230;] may capture attention, but the shallow sell-off following the conflict&#8217;s escalation suggests the market still favours risk assets. This minor setback should not distract from the bigger picture,&#8221; the experts noted. Analysts warned that further deterioration in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1224,842,1326],"class_list":["post-17482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-macroeconomics","tag-politics","tag-qcp-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17482"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17482\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17481"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}