QCP: 2 Days Are Very Important for Cryptocurrencies This Week, Watch Out for Tremors!

Financial research and investment company QCP Capital evaluated the current status of the cryptocurrency market.

QCP Capital included the developments that await the cryptocurrency market this week in its report dated September 9. Analysts, who stated that the Donald Trump and Kamala Harris encounter on September 10 could have an impact on the market, warned about volatility.

In addition, QCP, who stated that the CPI data will come on September 11, conveyed that this week has an important place:

It is understood that the market is still expecting some volatility as it moves towards this week's events, especially the Trump and Harris debate (September 10) and the CPI (September 11). The "Risk Reversals" until October are still inclined towards purchases in both Bitcoin and Ethereum. However, some institutions are evaluating this opportunity to add to their bullish bets in December and March.

Has Bitcoin seen a bottom price?

QCP also spoke about the possible bottom of the Bitcoin price in the details of the report. Analysts stated that the return from 52,500 was very encouraging, and added that many whales also bought at these prices:

The bounce from 52,500 is definitely encouraging. So have we seen the bottom? Although it is not certain, some institutions seem to think so by taking the opportunity to add to their bullish bets in December and March.

According to CoinGecko data, Bitcoin, which has increased by 0.3% in the last 24 hours, is traded at $ 54,235 at the time of writing.