๐ Bitcoin and crypto could get a fresh liquidity boost despite China's economic chill! Trading firm QCP Capital predicts a "capital reallocation" to crypto markets, hinting at a bright future for BTC.
๐ BTC briefly dipped below $62,000 due to geopolitical tensions and China's lack of stimulus. But don't worry, QCP sees conditions improving for crypto soon!
๐ As the Chinese rally fades, expect more capital to flow into crypto, showcasing its maturity as a risk-on asset. October and Q4 could be bullish for Bitcoin, with global liquidity trends supporting risk assets.
Stay tuned, crypto enthusiasts! ๐