QCP Capital: Bitcoin is expected to fluctuate between $61,000 and $71,000 in the short term.

Odaily Planet Daily News QCP Capital released an analysis report stating that Bitcoin will fluctuate between $61,000 and $71,000 in the short term, especially with dealers holding a large number of options with a strike price of $67,000 on July 26, indicating a market bet on a breakout before the U.S. election. Despite the overnight drop in spot prices, QCP Capital still sees significant institutional interest in $100,000 call options for December. This indicates a stronger confidence in the year-end rally as the probability of Trump's re-election increases.