Short News View Non-AMP

QCP Group: Bitcoin’s Upward Break Unlikely Without Strategic Bitcoin Reserve Confirmation

Published by
Nidhi Kolhapur

Recently, QCP Group noted that Bitcoin (BTC) dropped below $100,000, along with other risky assets declining, as worries about China’s Deepseek technology spread across global markets. QCP believes that BTC won’t rise without the confirmation of a Strategic Bitcoin Reserve. It noted that the Trump administration’s evaluation for a ‘national digital asset stockpile’ was not enough to sustain bullishness in the market, at least in the near term. Risk reversals suggest limited movement until March, with the market not expecting much until the quarter ends. However, it noted that with China’s Deepseek tech challenging the US market, it would not be surprising if Trump attempts to step in and intervene. 

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

XRP Price Analysis Today : Golden Cross Points to Potential Breakout

The XRP Price dropped by 16.4% over the last 30 days, with a 1.9% decline…

April 19, 2025

Will Pi Network & Mantra Restore Investor Confidence? Will PI & OM Prices Recover?

The crypto markets have gained some momentum since the start of the week, which has…

April 19, 2025

Kadena Price Prediction 2025, 2026 – 2030: Will KDA Price 3X This 2025?

Story Highlights The price of the Kadena token is . The Kadena price could reach…

April 19, 2025

Is Ethereum About to Crash? Peter Brandt Predicts Drop to $800

Veteran trader Peter Brandt has surprised the community with his bold prediction for Ethereum. He…

April 19, 2025

Bitcoin Price Prediction 2025

Bitcoin is holding strong above $84,500, showing resilience as market sentiment shifts. Strong U.S. job…

April 19, 2025

MUTM Hasn’t Gone Parabolic Yet Like Shiba Inu (SHIB), And That’s Exactly Why Whales Are Watching

In the world of cryptocurrency, timing is often just as important as the project itself.…

April 19, 2025