en|en#BTC94KShowdownBitcoinHoliday Rollercoaster: QCP Capital Anticipates Major Trigger in January

QCP Capital notes that bitcoin (BTC) has faced erratic price fluctuations, largely attributed to thin liquidity over the holiday period, which has limited any recent recovery attempts. The Singapore-based crypto asset trading firm also shared its 2025 outlook, noting that QCP analysts expect a “key catalyst could come in January.”

With Bitcoin’s recovery stalled, QCP analysts are predicting a shift in January.

In its latest market update, QCP Capital revealed that selling pressure persists as momentum in the cryptocurrency market wanes. This trend aligns with broader financial market declines, including three declines of more than 1% in the S&P 500 and Nasdaq in eight sessions.

Adding to the bearish sentiment, QCP Capital is highlighting $1.8 billion in net outflows from spot bitcoin exchange-traded funds (ETFs) since Dec. 19. Microstrategy, a major corporate investor in bitcoin, has also slowed its purchases, QCP analysts noted, further indicating a reduced appetite for the cryptocurrency as the year winds down.

Despite its subdued finish to 2024, bitcoin will end the year with a 120% gain, outpacing stocks and gold, according to QCP data. Analysts say optimism about crypto-friendly regulatory developments following the U.S. presidential inauguration could shape the first months of 2025.

Crypto researchers anticipate a pivotal shift in January as institutions review their asset allocations. Bitcoin's adoption by a wide range of entities, including university foundations, signals a potential surge in demand or development should stabilize bitcoin's spot price movements and align its patterns