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QCP Capital: Bitcoin Falls After Intraday Rise Highlights Structural Resistance, Market Optimism for Q1 Breakout Fading
Summary: QCP Capital stated in an official channel that during the early Asian trading session, Bitcoin, gold, and silver rose in sync as the US dollar sharply declined. This volatility coincided with comments from Powell, who mentioned the Justice Department's subpoena to the Fed and potential criminal charges on Friday, seen as retaliation for the Fed's ...
QCP Capital stated in an official channel that during the early Asian trading session, Bitcoin, gold, and silver rose in sync as the US dollar sharply declined. This volatility coincided with comments from Powell, who mentioned the Justice Department's subpoena to the Fed and potential criminal charges on Friday, seen as retaliation for the Fed's refusal to align with Trump's preferred rate policy rather than related to Powell's June congressional testimony. Despite initial movements suggesting Bitcoin being positioned as a hedge against fiat or institutional risks, subsequent trends showed weakness. Bitcoin failed to sustain above $92,000 and sharply retreated after the European session opened, echoing patterns from the last quarter of last year. This failure to capitalize on the bullish narrative since October 10 highlights the structural resistance faced by Bitcoin, with market optimism for a Q1 breakout diminishing. Looking ahead, volatility risks remain high. The market will closely watch the US CPI data on Tuesday (January 13), followed by the US Supreme Court's tariff ruling on Wednesday (January 14), which could further impact cross-asset allocation and risk sentiment.
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Link: QCP Capital: Bitcoin Falls After Intraday Rise Highlights Structural Resistance, Market Optimism for Q1 Breakout Fading [Copy]
