Recent trading data analyzed by QCP Capital indicates Bitcoin may be primed for a major price rally ahead of the upcoming US presidential elections, with options traders betting on potential upside.

According QCP Capital, the US election “continues to drive volatility” in risk assets, a trend that started with Trump’s assassination attempt, coupled with the former president’s statements that Taiwan should pay the US for its protection. These statements triggered volatility in the semiconductor equities sector, amid ongoing tensions with China.

For crypto, Biden’s recent decision to step down and endorse Kamala Harris caused “erratic crypto movements,” QCP notes. Hours after the decision, Bitcoin was “gapping down over 1000 points” before retaining $68K, the analysis shows.

Over the past week, fluctuating betwe

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Author: Vince Dioquino

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