Bitcoin Will Be a Busy Week: Is the October Rise Coming Early?

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 16. Stating that Bitcoin lost $60,000 with the second assassination attempt on Donald Trump, analysts emphasized the importance of this week.

It was reported that the FOMC meeting to be held on Wednesday (September 18) and the Token2049 event that started today could create volatility in the sector, while a possible bullish scenario was drawn.

Reminding that Bitcoin recovered after Trump's first assassination attempt, the QCP front focused on a possibility that the same situation could occur this week. Analysts stated that such a rising wave could bring the expected rise in October earlier:

Could we see a similar recovery rally this week? With Token2049 underway and the FOMC meeting on Wednesday, it will certainly be an eventful week for crypto, with uncertainty over whether it will be a 25bp or 50bp cut.