We may still see some turbulence depending on Israel’s response, but the market is likely anticipating this.” Just like Krüger, he outlines that increased liquidity in the market could provide support for Bitcoin, stating, "Liquidity will start ramping up from now, which BTC should sniff out immediately.” Overall, CRG remains bullish on Bitcoin’s long-term trajectory, asserting that despite the short-term uncertainties, "$100k BTC is coming.” Related Reading: Major Catalyst That Could Drive Bitcoin To New ATH In Q4 Emerges Singapore-based trading firm QCP Capital also provides its perspective on the conflict’s impact.
This minor setback shouldn’t distract from the bigger picture.” They also point to global monetary policies as a significant factor.“The flush of liquidity from the PBoC and potential fiscal support will likely support asset prices in China, with bullish sentiment potentially spilling over globally to support risk assets, including crypto.[…] Assets prices are expected to remain supported heading into 2025, as both the largest (the Fed) and 3rd largest (PBoC) central banks in the world have started their cutting cycles in earnest,” QCP concludes.
Major uncertainty lies ahead.” Related Reading: Bitcoin Price Could Skyrocket To $118,000 By Year-End: Here’s Why Krüger highlights the volatility typically seen in financial markets during US election years, noting, "In election years, the month of October is accordingly the most volatile, and equities historically display slightly negative returns.” He also added that speculative markets tend to react to uncertainties, and given the proximity of the elections and upcoming payroll data on Friday, further volatility can be expected.
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