Experts Expect Sharp Moves in Bitcoin and Altcoins This Week!
Experts are still making bullish predictions for the crypto market.
A critical process continues to be experienced in the cryptocurrency sector. The leading cryptocurrency Bitcoin (BTC) has still not been able to completely break the seller pressure on it. Data and statements from the US directly affect the price movements of crypto assets.
QCP Capital, a successful analytics company, shared a new report on crypto assets on the first day of the new week and included the following information:
“Crypto has stabilized after last week's movement, but volatility (implied volatility) is still high.
The market still seems to be expecting some fluctuations, especially ahead of this week's events. In particular, the debate between Trump and Harris (September 10, 9:00 PM ET) and the Consumer Price Index (CPI) data (September 11, 8:30 AM ET) may deeply affect the cryptocurrency sector.
After last week's sharp decline, the market still remains cautious against downside risks.
Risk Reversals leading up to October have seen a trend towards Put options for both Bitcoin (BTC) and Ethereum (ETH).
However, despite all the short-term uncertainty and volatile price action, we still think the market is structurally bullish.
We also think the market sees this pullback as an opportunity to load up on long-term bullish trades.”
