QCP Capital Predicts Bitcoin Soars to $100,000 Amid Strong Market Trends Post-Election

On November 15th, QCP Capital shared insights on its platform regarding Bitcoin’s pronounced bullish momentum following the recent US elections. The firm anticipates that Bitcoin could approach a price range of $100,000 to $120,000, backed by solid market trends. A notable observation is the decline in implied volatility, attributed to substantial market participants who are hedging against downturns by selling call options as Bitcoin scales new heights.

The crypto market’s current leverage levels pose noteworthy risks, particularly among altcoins, where perpetual funding rates have escalated to a staggering 50-100%. This creates a precarious environment, as any unwinding of these positions could trigger significant deleveraging events.

QCP Capital’s analysis suggests that Bitcoin’s resilience is indicative of a broader market sentiment, particularly in light of potential policy shifts pending Donald Trump’s possible return to power. Their strategy to establish a strategic BTC reserve alongside a shift from traditional safe havens like gold presents a compelling bullish narrative for Bitcoin’s future price trajectory.